ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The result that a person aims for and works hard to reach is called ____
A
Scarcity
B
Goal
C
Opportunity Cost
D
None of these answers
Explanation: 

Detailed explanation-1: -A goal is an idea of the future or desired result that a person or a group of people envision, plan and commit to achieve. People endeavour to reach goals within a finite time by setting deadlines.

Detailed explanation-2: -A goal is a result that a person aims for and works hard to reach.

Detailed explanation-3: -Some common synonyms of goal are aim, design, end, intention, intent, objective, object, and purpose. While all these words mean “what one intends to accomplish or attain, ” goal suggests something attained only by prolonged effort and hardship. worked years to reach her goals.

Detailed explanation-4: -Goal setting definition Goal setting refers to the process of setting specific, attainable targets for individuals or groups. It is a motivational technique which can help the employees to understand the business goals, and motivate them to rise to the challenges.

There is 1 question to complete.