Question

Which of the following statements regarding objectives is true?

Managers need to assign equal importance to all of the objectives.

Determining priorities for objectives is usually the final stage associated with setting objectives.

The importance of some objectives varies with time.

A clear understanding of the sequence of priorities has no significant impact on employee performance.

Answer 1

Objective is something that anyone wants to complete in given time frame and given resources. It is mainly set up to eliminate the wastage of resources and make its efficient use. These help the organization or a person to work efficiently and in right order. It highlights the purpose for which a particular work is being done. Some objectives are set for a long period of time while some are for the shorter period. From a business point of view, long - term objectives are normally called goals of a company, for which the business is set up. On the other hand short - term objectives are the plans which are made to tackle the day to day or short term needs of the business.

In the above question, Option A is more valid as both the objectives, long term and the short term are equally important for a busniess to run. If the short term objectives are neglected for obtaining long term objectives, the journey to those objectives will be hampered. The short term objectives paves way to the long term objectives of the business.

It is mainly the responsibility of the managers to motivate and guide their employees that both the long term and short term objectives are necessay and both are to be taken seriously in order to attain long term goals of the company. This is purely the responsibility of the managers to assign equal importance to both the objectives of the business.

Ans. Option A