What is an objective?
What will be an ideal response?
An objective is a desired goal an organization has decided to pursue. These objectives can be classified as efficient or effective. Efficiency means that a process creates more output with the same inputs or the same output with fewer inputs. An effective objective helps achieve an organizational strategy. To summarize, an efficiency objective aims to conserve resources, whereas an effectiveness objective helps achieve a company strategy.
You might also like to view...
Timekeeping is part of the personnel function
Indicate whether the statement is true or false
What is the employer's objective during an interview?
A) To exchange information B) To verify information given on the résumé C) To find the best talent to fill a job opening D) To find the right match for the candidate's goals and capabilities E) To minimize salary demands
Fig. 7.2
Which one of the following statements regarding Figure 7.2 is TRUE? A) Activity S cannot finish until activity T finishes. B) Activity T cannot begin until activity U is completed. C) Activity U cannot begin until activities S and T have been completed. D) Activity V cannot begin until activity S has been completed.
Variable manufacturing overhead costs are treated as product costs under both absorption and variable costing.
Answer the following statement true (T) or false (F)