Securing the Acceptance of Top Management Is the First Step

question 147

Multiple Choice

Securing the acceptance of top management is the first step in an MBO programme.Which of the following is not one of the four remaining steps?

• A) Establishing preliminary goals
• B) Having the manager and subordinate work together to determine how the subordinate can work toward accomplishing company objectives
• C) Conducting a periodic review
• D) Conducting an evaluation
• E) Reassigning the employee

---

Definitions:

Worksheet

A worksheet in accounting is a document used to compile information from ledger accounts for the purpose of preparing financial statements.

Control Account

An account used in accounting to summarize the total balances of multiple individual accounts, facilitating internal checks and balances.

Special Journals

Customized accounting journals used for recording and categorizing specific types of transactions such as sales, purchases, and cash receipts in an efficient manner.