Which of the Following Is Correct

question 164

Multiple Choice

Which of the following is correct?

• A) Income is a stock concept, and wealth is a flow concept.
• B) Both income and wealth are flow concepts.
• C) Both income and wealth are stock concepts.
• D) Income is a flow concept, and wealth is a stock concept.

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Definitions:

Management By Objectives (MBO)

A performance management approach where managers and employees work together to set, record, and monitor goals for a specific period, aiming for organizational alignment and performance enhancement.

Peter Drucker

A prominent Austrian-born American management consultant, educator, and author, known for his influential writings on business management practices and principles.

Setting Priorities

The process of determining the order in which tasks, projects, or goals should be addressed based on their importance, urgency, and impact.

Management By Objectives (MBO)

A management strategy focusing on aligning the goals of employees with the objectives of the organization through participative goal setting and performance assessment.