BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

ACCOUNTING FOR MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Objectives, tend to be narrow, specific statements.
A
TRUE
B
FALSE
Explanation: 

Detailed explanation-1: -A goal is an outcome you want to achieve, while an objective is a specific and measurable action that can be reached in a short amount of time, often related to a goal. When written out, goals are typically broad statements rather than a step-by-step process. They are often long-term endeavors.

Detailed explanation-2: -Objectives are long-range, broad statements of what the company plans to accomplish in the distant future.

Detailed explanation-3: -Specific and measurable objectives define the success of a project or initiative. Achievable and realistic objectives engage and motivate individuals. Time-bound objectives ensure that all stakeholders agree time scales for the achievement of objectives.

Detailed explanation-4: -A goal is an achievable outcome that is generally broad and longer term while an objective is shorter term and defines measurable actions to achieve an overall goal. While different, the two terms are often used in unison when working on a project. This is because both are essential to planning and executing a project.

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