The Process of Establishing Objectives or Goals for the Firm

question 50

Multiple Choice

The process of establishing objectives or goals for the firm and determining the means by which they will be met is:

• A)controlling.
• B)analyzing profitability.
• C)planning.
• D)assigning responsibility.

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Definitions:

Frequency

The rate at which a repeated event occurs over a specified period of time, often used in the context of waves or signals.

Negative Reinforcement

A technique used to increase the likelihood of a desired behavior by removing an unpleasant stimulus when the behavior occurs.

Positive Reinforcement

The process of encouraging a desired behavior by rewarding it, thereby increasing the likelihood of its recurrence.

Desired Employee Behavior

The specific actions and attitudes that an employer wants to encourage in its workforce to achieve organizational goals.