Match each term with its definition.
-Process of determining the mission and goals of an organization and specifying what it will take to achieve the goals
A)budget
B)goal
C)planning
D)values
E)vision
F)stakeholder

Question

Quizplus · Accepted Answer

Planning is the process of determining the mission and goals of an organization and specifying what it will take to achieve the goals.

A) Budget is the financial plan of an organization, outlining its projected expenses and revenues over a specific period of time.

B) Goal is a specific, measurable, achievable, realistic, and time-bound (SMART) objective that an organization seeks to achieve.

D) Values are the beliefs and principles that an organization stands for and uses to guide its actions and decisions.

E) Vision is a statement that describes the future state or direction of an organization, defining what it hopes to achieve in the long-term.

F) Stakeholder is any person or group that has an interest or stake in the success or failure of an organization, such as employees, customers, shareholders, and suppliers.

Match Each Term with Its Definition