Olga Does an Excellent Job of Setting Her Own Objectives

question 114

Multiple Choice

Olga does an excellent job of setting her own objectives but rarely devotes any time to developing and executing plans to achieve those objectives. How would Olga best be characterized?

• A) as a procrastinator
• B) as an ineffective self-leader
• C) as goal directed but implementation impaired
• D) as an effective self-leader

Understand the function and value added by middlemen in reducing transaction costs, facilitating trade, and increasing the gains from exchange.

Explain the significance of exchange in creating value and facilitating the movement of goods to those who value them most.

Grasp the concept of opportunity cost in decision-making processes.

Distinguish between private and common ownership and its implications on care and conservation of resources.

---

Definitions:

Advantages And Disadvantages

The positive and negative aspects of a particular choice, situation, or action that need to be considered when making a decision.

Fear Of Failure

The apprehension or anxiety of failing to achieve a goal or meet a standard, which can influence behavior and decision-making.

Resisting Change

The reluctance or refusal to adapt to new procedures, processes, or changes within an organization or environment.

Management By Objectives (MBO)

An organization-wide intervention technique that involves joint goal setting between employees and managers.