Asked by Linda Rydberg on Jun 19, 2024

verifed

Verified

Which of the following statements is true of the goals of a company?

A) A company can have only one goal that combines all elements of its mission statement.
B) A goal is defined as a declaration of a company's fundamental purpose and basic philosophy.
C) Once a goal is set,companies typically do not need to review the goal or monitor progress against the goal set.
D) A goal merely states what a company seeks to achieve without stipulating any standards of quality or amount of time needed to reach the goal.
E) An attribute,a target,and a time frame are the three elements of a goal set by a company to achieve its mission.

Attribute

A quality or feature regarded as a characteristic or inherent part of someone or something.

  • Acknowledge the critical role that setting objectives and goals plays in an organization, influencing the decision-making process of management.
verifed

Verified Answer

CJ
Courtney JohnsonJun 23, 2024
Final Answer :
E
Explanation :
A goal set by a company typically includes an attribute (what is to be achieved), a target (the specific outcome the company aims for), and a time frame (by when the goal should be achieved). These elements help in making the goal specific, measurable, and time-bound, contributing to the effective achievement of the company's mission.