Claudia announces to her staff that she intends to lower costs in their department by 5 percent. which component of goal setting is indicated in this case?

This is goal specificity. Claudia has set a goal that is not only verbalized, but it has been specified to an exact amount. Values that do not meet this threshold will be considered to have been a failure to meet the goal. This allows for management of resources to better allocate them in a way that will meet the stated threshold.

Establish common currency

Explanation:

The Common Agricultural Policy is simply the agricultural policy which involves the European Union. Subsidies were provided to farmers which ensured increase in production and offering of reasonable prices.

Another goal of the Common Agricultural Policy was also to ensure that farmers have fair living standards.

Establishment of a common currency isn't a goal of CAP.