MBO Emphasises Converting Overall Organisational Objectives Into

question 16

Multiple Choice

MBO emphasises converting overall organisational objectives into:

• A)specific objectives for organisational units and individual members.
• B)operational units.
• C)terms that the individual worker can understand and accept.
• D)capital gains.

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Definitions:

Infant Industries

Industries in the early stages of development that may be protected from international competition to allow them to grow.

Free Trade

Free trade is a policy to eliminate restrictions on international trade, allowing goods and services to move freely across borders without tariffs, quotas, or other barriers.

Dumping

Selling a good in a foreign country at a lower price than it’s sold for in the domestic market.

Domestic Market

The market within a country's borders, referring to the trading of goods and services.