Which quality is most necessary while setting goals for an enterprise?
Answer and explanation
Correct answer: Goal should be clear, measurable, and time-bound
A useful enterprise goal should clearly state what is to be achieved, provide a measurable basis for checking progress, and include a time limit. These features make planning and evaluation practical. A goal need not please everyone, and it should be reviewed when conditions change. Vagueness and permanent refusal to review make control difficult.
Frequently asked questions
What is the correct answer to this question?
Goal should be clear, measurable, and time-bound
Why is this the correct answer?
A useful enterprise goal should clearly state what is to be achieved, provide a measurable basis for checking progress, and include a time limit. These features make planning and evaluation practical. A goal need not please everyone, and it should be reviewed when conditions change. Vagueness and permanent refusal to review make control difficult.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
