The Concept of Management by Objectives (MBO) Was Originated by ___________

question 10

Multiple Choice

The concept of Management by Objectives (MBO) was originated by ___________ in The Practice of Management

• A)Theodore Caplow
• B)George Odiorne
• C)Kurt Lewin
• D)none of the above

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Definitions:

Long Run

A period of time in economics during which all factors of production and costs are variable, allowing for full industry adjustment to changes in market conditions.

Losses

Losses refer to the amount by which expenses exceed revenues in a particular period, indicating a negative financial performance for a business.

Constant-cost Industry

An industry in which the costs of production, including the prices of raw materials and wages, do not change as the industry's output changes.

Long-run Equilibrium

A state in which all factors of production and costs are variable, allowing for full adjustment to any changes in the market.