The Human Resources department of French Quarter Seafood conducted a training workshop on setting and achieving organization goals. Alex, the store manager of the New Orleans location, has been working with his managers to set objectives that are clearly defined, focused on achieving specific results, and can be accomplished with a given amount of resources. Which aspect of SMART goals is missing?
A. Goals should be stated in specific rather than vague terms.
B. Whenever possible, goals should be measurable, or quantifiable.
C. Goals should be challenging, of course, but above all they should be realistic and attainable.
D. Goals should be results-oriented.
E. Goals should specify the target dates or deadline dates when they are to be attained.
E. Goals should specify the target dates or deadline dates when they are to be attained.
A SMART goal is one that is SMART: Specific, Measurable, Attainable, Results-oriented, and has Target dates.
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According to the criteria outlined in DAGMAR, which of the following makes the best quantitative communications objective?
A. "Increase awareness of the brand in one year." B. "Increase the number of customers mentioning the brand name when asked for brand preference from 40 percent to 50 percent in one year." C. "Double the production budget, hire more assembly workers, and double the production speed in one year." D. "Increase product users to 40 percent of the total market." E. "Increase sales revenue by 10 percent."
In addition to issues of social responsibility, business values and ethics play an important role in the success or failure of a business
Indicate whether the statement is true or false
Carver Lumber sells lumber and general building supplies to building contractors in a medium-sized town in Montana. Data regarding the store's operations follow:•Sales are budgeted at $350,000 for November, $320,000 for December, and $300,000 for January. •Collections are expected to be 90% in the month of sale and 10% in the month following the sale. •The cost of goods sold is 75% of sales. •The company desires to have an ending merchandise inventory equal to 60% of the following month's cost of goods sold. Payment for merchandise is made in the month following the purchase. •Other monthly expenses to be paid in cash are $24,700. •Monthly depreciation is $16,000. •Ignore taxes. Balance SheetOctober 31AssetsCash$19,000Accounts
receivable 77,000Inventory 157,500Property, plant and equipment, net of $502,000 accumulated depreciation 1,002,000Total assets$ 1,255,500Liabilities and Stockholders' EquityAccounts payable$272,000Common stock 780,000Retained earnings 203,500Total liabilities and stockholders' equity$ 1,255,500The net income for December would be: A. $42,300 B. $32,900 C. $39,300 D. $55,300
There can be a high-integrity organization without high-integrity individuals.
Answer the following statement true (T) or false (F)