What is goal setting? Why is it important? List out some of the key behaviors for effective goal setting.
What will be an ideal response?
Goal-setting theory is based on the premise that conscious goals affect action. Goal setting is a way of identifying your work/life priorities and developing strategies for attaining personal and professional objectives.
The goal-setting process has several benefits such as results orientation, purpose/direction, productivity, and motivation.
Some key behaviors for effective goal setting include being realistic, positive, starting small, having perseverance, and taking full responsibility.
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The cumulative effect of the declaration and payment of a cash dividend on a company's financial statements is to
a. decrease total liabilities and stockholders' equity. b. increase total expenses and total liabilities c. increase total assets and stockholders' equity d. decrease total assets and stockholders' equity
Females are expected to be ______ in their leadership roles.
a. forceful and aggressive b. command and control c. nurturing and understanding d. absent or ineffective
At production levels beyond the breakeven point,
a. fixed costs are not recovered. b. profit is negative. c. variable costs are zero. d. profit is positive.
In which of the following situations should a company use process costing rather than job order costing?
A) If the product cost is accumulated in a single Work in Process Inventory account B) If the product is produced based on individual customer specifications C) If the product is composed of mass-produced homogeneous units D) If the product goes through a single stage of production