Application of MBO Kay Was Excited. She Had Just Returned from a Manager's

question 125

Multiple Choice

Application of MBO
Kay was excited. She had just returned from a manager's retreat where MBO had been discussed. This had never been used in her organization before, and she was enthusiastic about implementing the program in her department. She received the OK from her manager, the division head, who vaguely remembered having heard of the program several years earlier. Kay looked over the handout she had received. She was still somewhat confused on who was to choose the goals for the employees. However, she knew that the goals once chosen needed to be specific and have explicit time periods attached.
Even though there was a lot of work to do in order to implement the program, Kay was excited. She knew this would prove to be beneficial to the organization.
-Kay did not want her employees to see MBO as setting___________ , which might limit their thinking and achievements.

• A)unobtainable goals
• B)floors
• C)ceilings
• D)themselves up for failure

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Definitions:

Natural Monopoly

A market structure where a single supplier is most efficient in providing goods or services due to high fixed or startup costs.

Lower Prices

A market condition where goods or services are offered for sale at reduced costs, often due to surplus supply, decreased demand, or competitive strategies.

Barriers to Entry

Obstacles that make it difficult to enter a certain market or industry, which may include high startup costs, strict regulations, or strong competitor presence.

Differentiating

The process of distinguishing a product or service from others in the market to attract a specific segment of customers.