Chapter 9, Problem 1MC

Which of the following is nor a common goal of an organization?

A. operational efficiency

B. being acquired by another business

C. achieving strategic goals

D. measuring financial performance

To determine

Introduction:

Organizational systems depend on performance measurement, operational efficiency, and the fulfillment of the organizational goals for the smooth running of the business and managing the business efficiently.

To choose:

The correct answer from the given options.

Answer to Problem 1MC

The correct answer is option B.

Explanation of Solution

Explanation for correct answer:

Being acquired by another business is not a common goal of an organization as no organization has its common goal to be acquired by some other business.

Explanation for incorrect answers:

Making an idea or concept work into the scope to form a business is the first vital thing to start it. Once the business is set up, owners and managers begin measuring the business performance and operations to achieve growth and success in the business market. The business owners dedicate most of their time in business’s daily activities and take the right decisions for the business.

Thus, for the smooth running of the business and managing a business efficiently, businessmen incorporate organizational systems which depend on the following:

• Performance measurement for long term growth which means option ‘D. measuring financial performance’ is incorrect.
• Operational efficiency for future stability which means option ‘A. operational efficiency’ is incorrect.
• The fulfillment of the organizational goals to run business which means option ‘C.achieving strategic goals’is incorrect.

Thus, the options A, C, and D are common goals of an organization and incorrect for the statement.