Which of the following statements is not true about business objectives?
a. Establishing meaningful business objectives is a prerequisite to effective internal control.
b. Establishing meaningful business objectives is a key component of the management process.
c. The measurable steps the organization takes to achieve its strategy.
d. Business objectives are management's means of employing resources and assigning responsibilities.
e. Business objectives represent targets of performance.
Ans: d. Business objectives are management's means of employing resources and assigning responsibilities.
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Which of the following characteristics of an organization is recommended by Weber's principles of bureaucratic structure?
A) loosely defined roles B) a small span of control C) use of standard operating procedures D) decentralization
All of the following are considered exceptions to the general rule that there is no duty to rescue except:
a. Pre-existing duty: For example, lifeguards have signed contracts agreeing to rescue people in exchange for pay and benefits. b. Witnessing an accident: This creates a duty to step in and help the injured. c. Employer: A duty exists to help an employee injured while working for that employer. d. Endangerment: If one puts another in danger, they are obligated to rescue the person put in danger.