The Purpose of Setting Specific Quantitative Goals Is

question 98

Multiple Choice

The purpose of setting specific quantitative goals is

• A)to make sure that employees are held accountable for achieving the stated goals.
• B)to ascertain whether the company has successfully avoided any potential labor surpluses or shortages.
• C)to collect data about current employees,measure their performances,and compare the results with global standards in order to get a better idea of the firm's international competence.
• D)to focus attention on a problem and provide a benchmark for determining the relative success of any programs aimed at redressing a pending labor shortage or surplus.
• E)to predict areas within the organization where there will be future labor shortages or surpluses.

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Definitions:

Interest Rate

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.

Amortization

The gradual reduction of a debt or the spreading out of capital expenses for intangible assets over a specific period of time.

Bond Payable

A bond payable is a long-term liability where a borrower agrees to pay back a fixed amount of funds at a future date, along with periodic interest payments.

Interest Expense

The cost incurred by an entity for borrowed funds, represented as interest payments on debts such as loans, bonds, or lines of credit.