What Does the Initialism MBO Stand For

question 32

Multiple Choice

What does the initialism MBO stand for?

• A) managing by organizing
• B) management by objectives
• C) motivation by objective
• D) management by orders

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Definitions:

Linear Programming

A mathematical method used in operations research to find the best possible solution to a problem within given constraints.

Product-Mix

The variety of different products and services a company offers to its customers.

Limited Resources

The finite availability of inputs such as time, money, labor, and materials, which restricts the ability to meet demand or achieve certain objectives.

Maximizes Profit

A strategy or action aimed at increasing the difference between total revenue and total costs to the highest possible level.