Question

What are objectives or goals?

a.

A statement indicating specific quantitative terms and time frames.

b.

A statement spelt out by the promoters or the Board of Directors.

c.

A statement that remains unchanged for quite some time and provides the rationale for all its activities.

d.

A statement indicating the values to be upheld in its operations.

Posted under IC90 Human Resource Management

Answer: (a).A statement indicating specific quantitative terms and time frames. Explanation:Objectives or goals are stated in specific quantitative terms and indicate how the mission would be carried forward in a specified time frame. The Zonal Office or Regional Office of an insurance company might lay down an objective for a certain percentage growth in business for the next year, while the Branch offices under it might set their contribution to that growth in terms of expectations of business, area-wise and / or agent-wise and / or plan-wise in shorter periods. Therefore, setting goals is a method of giving effect to the mission in quantitative and time-bound, actionable, and measurable terms.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What are objectives or goals?
Add Comment

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What is the difference between strategies and tactics?

View solution

Q. What does corporate strategy deal with?

View solution

Q. What does business strategy deal with?

View solution

Q. What is the difference between strategies and tactics?

View solution

Q. In which area would a business strategy be concerned with?

View solution

Q. In the military, who decides strategies and tactics?

View solution

Q. What does HR strategy deal with?

View solution

Q. What is an example of a business strategy decision?

View solution

Q. What are policies in management?

View solution

Q. How do policies clarify management principles and values?

View solution

Q. Which of the following is an example of a policy guideline that may apply across an organization?

View solution

Q. What do policies on purchasing require?

View solution

Q. What is the difference between policies and procedures?

View solution

Q. What are policies?

View solution

Q. What are procedures?

View solution

Q. What is an example of a policy?

View solution

Q. What is an example of a procedure?

View solution

Q. What is the difference between policies and procedures?

View solution

Q. What are rules?

View solution

Q. What is the difference between policies and rules?

View solution
View All MCQs on IC90 Human Resource Management

Recommended Subjects

Are you eager to expand your knowledge beyond IC90 Human Resource Management? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!

Optical Communication

Explore the world of high-speed data transmission with our Optical Communication...

IC90 Human Resource Management

Prepare for success in the Insurance Institute of India (III) examination with IC90...

IC85 Reinsurance Management

Gear up for success in the Insurance Institute of India (III) examination with IC85...

DC Machines

Dive into the fundamentals of direct current (DC) machines with our specialized...

Mechatronics

Enter the world of integrated engineering systems with our Mechatronics category....

Financial Management and Financial Markets

Master the world of finance with our Financial Management and Financial Markets...

Human and Cultural Diversity

Explore the rich tapestry of human societies with our Human and Cultural Diversity...

Biology

Dive into the realm of life sciences with our Biology category. Explore the wonders...

Logical Reasoning

Enhance your logical thinking and decision-making abilities with our Logical...