Management by Objectives (MBO)is a Management Approach in Which Managers,supervisors,and

question 69

True/False

Management by objectives (MBO)is a management approach in which managers,supervisors,and employees jointly set objectives against which performance is later evaluated.

---

Definitions:

Investment Evaluation

The process of determining the potential returns of an investment opportunity, considering risks, costs, and benefits to make informed financial decisions.

Responsibility Centres

Divisions or departments within an organization, each managed by a supervisor who is responsible for its performance and costs.

Profit and Loss Statements

Financial documents that summarize revenues, costs, and expenses incurred during a specific period to show a company's net income or loss.

Organisation

An entity comprising multiple people, such as an institution, association, or business, working together to achieve a common goal or set of objectives.