Regarding Goals and Objectives,which of the Following Statements Would Be

question 262

Multiple Choice

Regarding goals and objectives,which of the following statements would be MOST ACCURATE?

• A)Objectives convert an organization's mission and business into long- and short-term performance targets.
• B)Goals and objectives are actually the detailed day-to-day activities necessary to implement a marketing program.
• C)A company's goals and objectives are often worthy in intent,but unrealistic in practice because they are never accomplished during the specified time period.
• D)Goal-setting only applies to business firms;nonprofit organizations typically do not set goals because they don't earn a profit.
• E)The terms goal and objective should not be used interchangeably.Goals are philosophical while objectives are performance-based.

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Definitions:

Liability

Legal responsibility for one's actions or omissions, including the obligation to make restitution.

Dissociated Partner

A term used in business partnerships to refer to a member who has ceased their association with the partnership, affecting their rights and responsibilities towards the partnership.

Novation

A legal process by which an old contract is replaced by a new agreement, transferring rights and obligations to a different party.

Partnership Obligations

Partnership obligations are duties and responsibilities that partners in a business partnership are required to fulfill, including financial contributions, management duties, and adherence to partnership agreements.