A Central Characteristic of Management by Objectives Is That

question 280

Multiple Choice

A central characteristic of management by objectives is that

• A) goals are set by top management and followed without question by others within the organization.
• B) employees are given complete freedom to set their own goals as long as they are consistent with broad guidelines established by top management.
• C) goals are set through a process involving all members of the organization.
• D) it assumes that management must motivate employees, since employees are incapable of motivating themselves.

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Definitions:

Equilibrium Price

A market state where the demand for a product matches its supply, resulting in a stable price point.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a certain price over a defined period.

Equilibrium Price

The rate at which supply and demand for a specific good or service are equal, creating a stable market condition.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price, where the amount producers are willing to supply equals the amount consumers are willing to buy.