In a Management by Objectives Approach, the Supervisor/team Leader and Subordinates/team

question 43

Multiple Choice

In a management by objectives approach, the supervisor/team leader and subordinates/team members:

• A) individually plan, individually act and jointly control.
• B) jointly plan, jointly act and jointly control.
• C) jointly plan, jointly act and individually control.
• D) jointly plan, individually act and jointly control.
• E) jointly plan, individually act and individually control.

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Definitions:

Commercial Use

The use of products, services, or information for business purposes or financial gain, as opposed to personal or educational use.

Marginal Revenue Product

The additional revenue generated by employing one more unit of a resource, such as labor or capital, holding all other input factors constant, crucial in determining how many resources a firm should hire or use.

Productivity

A measure of the efficiency of production, usually calculated as the ratio of output produced to inputs used.

Marginal Revenue Product

is the additional revenue generated by employing one more unit of input, such as labor or capital, in the production process.