Identify and describe five components of a successful business objective
What will be an ideal response?
A business objective is something a business is trying to achieve in support of an overarching strategy. A business objective should be specific, referring to a unique event. A business objective should be measurable, so the achievement of the objective can be determined using established metrics. A business objective should be achievable in consideration of the company's restraints. A business objective should be relevant to a desired business strategy. Finally, a business objective should be time-bound, stating a specific duration in which to achieve the objective.
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Firms have some choice as to when they disburse cash. Firms that delay making payments to suppliers, employees, and others during the last several days of an accounting period
a. conserve cash and increase cash flow from operations for that period. b. conserve cash and decrease cash flow from operations for that period. c. do not conserve cash and increase cash flow from operations for that period. d. do not conserve cash and decrease cash flow from operations for that period. e. do not effect the cash balance and has no affect on cash flow from operations for that period.
According to your textbook, aside from lack of interest, what is the biggest enemy of learning?
a. Memory b. Forgetting c. Knowledge d. Ignorance
The key to transformational leadership is that leaders use ______ to influence follower behavior.
a. monetary incentives b. peer pressure c. self-enhancement courses of action d. punitive incentives
McQueen, Inc. buys premium ice cream at a cost of $3.00 a gallon and sells it for $8 a gallon. Selling, general, and administrative expenses are $1.50 per gallon. Which of the following statements is correct?
A. Gross profit per gallon is $3.50. B. Gross profit per gallon is $5.00. C. The difference between the selling price and the cost is recorded in the gross profit account. D. The difference between the selling price and the cost is recorded in the Net Profit account.