All of the Following Statements Are True About MBO EXCEPT

question 103

Multiple Choice

All of the following statements are true about MBO EXCEPT

• A) It is a collaborative goal-setting process.
• B) Goals systematically cascade down through the organization.
• C) It is the same as the 360-degree feedback system.
• D) Top managers establish overall goals.
• E) The manager acts as a counselor.

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Definitions:

Clawback

A provision under which money already paid must be returned, often used in employment contracts for the return of bonuses or in investment agreements.

Whistleblower

An individual who exposes any kind of information or activity that is deemed illegal, unethical, or not correct within an organization.

Net Loss

Refers to the situation where a company's expenses exceed its revenues within a specific accounting period, leading to a negative income.

Income Statement

A document summarizing the financial outcomes of a business over a given accounting period, including details on income, costs, and overall profit.