The Joint Formulation by a Manager and His or Her

question 61

Multiple Choice

The joint formulation by a manager and his or her superior of a set of goals and plans for achieving the goals for a forthcoming period is known as _____.

• A)capital budgeting
• B)managerial effort
• C)management by opinion
• D)management by objectives

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Definitions:

Insurance

A contractual arrangement where an insurer agrees to compensate the insured for specified loss, damage, illness, or death in return for payment of a premium.

Freight Charges

Costs associated with transporting goods from one place to another.

Service Potential

Service potential refers to the capacity of an asset to provide goods or services that contribute to the future income of an organization.

Office Equipment

Tangible, long-term assets used in the operation of a business, such as computers, printers, and furniture, facilitating daily work tasks.