Management by Objective Refers to a Process of Setting Annual

question 10

True/False

Management by objective refers to a process of setting annual goals that are binding on the employee.

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Definitions:

Simple Interest

A method of calculating the interest charge on a loan or financial product based on the original principal amount and the interest rate over a period of time.

Principal Amount

This is the original sum of money borrowed in a loan or put into an investment, not including any interest or dividends.

Invested

Describes the act of allocating resources, usually money, into something to earn income or gain profits.

Surplus Funds

Excess of income or assets remaining after all expenses and obligations have been met.