Which of the Following Is True About Operational Objectives

question 85

Multiple Choice

Which of the following is true about operational objectives?

• A)They set forth an organization's purpose.
• B)They direct activities toward key performance areas.
• C)They represent what the strategy or underlying business model is trying to accomplish.
• D)They guide the behavior of organization members in ways consistent with mission and core values.
• E)They set standards for accomplishing the mission statement.

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Definitions:

Equilibrium Value

The point at which the quantity of a good or service demanded equals the quantity supplied, resulting in market stability.

Opportunity Cost

Whatever must be given up to obtain some item.

Holding Currency

The practice of keeping money in the form of cash or liquid assets as opposed to investing or depositing it.

MPC

Marginal Propensity to Consume refers to the proportion of an increase in income that gets spent on consumption of goods and services, as opposed to being saved.