Goals Are Different from Plans Because ________

question 69

Multiple Choice

Goals are different from plans because ________.

• A) goals identify specific steps that the organization needs to achieve, and plans identify the overall mission of the organization
• B) goals describe financial objectives, and plans describe objectives related to social responsibility
• C) goals are important only for small companies, and plans are important only for large companies
• D) goals are desired outcomes, and plans describe how those outcomes will be accomplished

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Definitions:

Zero Coupon Bond

A type of bond that does not pay periodic interest payments and is instead sold at a discount from its face value and matures at that face value.

Market Interest Rate

The prevailing rate of interest being offered on deposits and loans in the market, influencing how much borrowers pay and lenders earn.

Yield to Maturity

Yield to Maturity (YTM) is the total return anticipated on a bond if the bond is held until the date it matures, accounting for interest payments and principal recovery.

Par Value

The face value of a bond or stock as stated by the issuing company, not necessarily its market value.