Which of the Following Statements Is True of Organizational Objectives

question 38

Multiple Choice

Which of the following statements is true of organizational objectives?

• A)Organizational objectives should reflect the organization's finances rather than its commitment to customers.
• B)Organizational objectives are not considered to be dominant necessities to carry out the organizational mission.
• C)Organizational objectives are specific,measurable,action commitments on the part of the organization.
• D)Organizational objectives are distilled to arrive at a specific and achievable organization mission.

---

Definitions:

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded for a given period.

Price Elasticity

The responsiveness of the quantity demanded of a good to a change in its price.

Price Elasticity

An indicator of the degree to which the demand or supply of a product adjusts due to a variation in its cost.

Midpoint Formula

A method used in economics to calculate the elasticity of demand or supply between two points on a curve by averaging the quantities and prices.