Which of the Following Would Be an Example of an Objective

question 257

Multiple Choice

Which of the following would be an example of an objective in Step 1 of the price-setting process?

• A)"We need to set an initial price of $259 dollars per unit."
• B)"We need to obtain a ten percent market share."
• C)"We need to find the least expensive distributor."
• D)"We need to make allowances for large quantity orders."
• E)"We need to increase the price during the holiday shopping season."

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Definitions:

Job Evaluation

The process of determining the relative value and importance of jobs within an organization to establish fair compensation levels.

Base Pay

The initial rate of compensation an employee receives, not including overtime, bonuses, or other additional payments.

Output

The amount of product or work produced by a company, employee, or process within a specific period.

Performance

The level of output or efficiency at which tasks and activities are accomplished, often measured against predetermined standards or objectives.