Which of the Following Is a Characteristic of the Management

question 96

Multiple Choice

Which of the following is a characteristic of the Management by Objectives (MBO) approach?

• A) Employees and managers agree on the employee's goals.
• B) It is inefficient for mature organizations.
• C) The goals should be EAT: Entrepreneurial, Achievable and Targeted.
• D) Employees are rated on a scale for how closely they achieved their objectives.

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Definitions:

Indifference Curve

A graphical representation showing different combinations of two goods that provide the same level of utility or satisfaction to the consumer.

Upward Sloping

This term describes a curve that increases in height as it moves from left to right, often used in economics to illustrate the relationship between price and quantity supplied.

Theory of Consumer Choice

An economic framework explaining how consumers make decisions to allocate their resources among various goods and services.

Tradeoffs

The concept of sacrificing one benefit or good in order to gain another, reflecting the necessity of making decisions between competing priorities.