OBJECTIVE Definition

Bookmark and Share

OBJECTIVE is a statement that is written in terms of specific measurable time-based and verifiable outcomes that challenge the organization to be more responsive to the environment to achieve the desired goals. Dependent upon usage, GOALS are general in nature, while OBJECTIVES are specific, measurable and time-based. In some organizations, the meanings for GOAL and OBJECTIVE are reversed.

Learn new Accounting Terms

PRODUCTION is the creation of value or wealth by producing goods and services.

LIBID is the London Interbank Bid Rate, the rate that a bank is willing to pay for funds in the international interbank market.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.