All of the Following Statements Are True About MBO EXCEPT

question 65

Multiple Choice

All of the following statements are true about MBO EXCEPT that

• A) it is a collaborative goal-setting process.
• B) goals systematically cascade down through the organisation.
• C) it is the same as the 360-degree feedback system.
• D) top managers establish overall goals.
• E) the manager acts as a counsellor.

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Definitions:

Unlimited Liability

A legal structure in which the owners of a business are personally liable for all the business's debts, with no limit on the amount for which they can be liable.

Mutual Agency

A principle of partnership where each partner has the authority to bind the partnership in contract with third parties.

Governmental Regulations

Laws and rules established by governments to control or influence business practices and operations.

Corporate Form

A form of business organization that is recognized as a separate legal entity from its owners, providing limited liability and allowing ownership to be easily transferred.