A Goal-Setting Process in Which a Manager and His or Her

question 58

Multiple Choice

A goal-setting process in which a manager and his or her subordinates negotiate specific goals and objectives for the subordinate to achieve and then periodically evaluates the extent to which the subordinate is achieving those goals is known as:

• A)rules
• B)output control
• C)direct supervision
• D)MBO
• E)standard operating procedures

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Definitions:

Interim Report

A financial statement covering a period of less than one fiscal year that provides updates on a company's performance and financial position between annual reports.

Operating Results

The outcome of a company's core business operations, indicating profitability or loss over a certain period.

Fiscal Year

A 12-month period used by governments and businesses for accounting purposes, which may or may not align with the calendar year.

Quarterly Reporting

The process of disclosing a company's financial performance and position every three months to stakeholders.