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MBO works by objectives moving through the organization; that is, top managers set general organizational objectives, which are translated into divisional objectives, which are translated into departmental objectives. The hierarchy ends in individual objectives set by each employee. This is an example of MBO working as objectives ________ through the organization.
Air Travel
The act of transportation by aircraft, including commercial flights, private planes, and other forms of flying.
Variable Input
An input in the production process that can be adjusted in the short run to change the level of output.
Total Output
The total quantity of goods and services produced by an economy, a sector, or a company during a given period.
MRP
The additional revenue a firm generates by employing one more unit of input, such as labor or capital, in the production process.
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