Management by Objectives (MBO)

question 38

Multiple Choice

Management by Objectives (MBO) :

• A)Provides brief descriptions of levels of performance.
• B) Selects the anchor which is most descriptive of the person being appraised.
• C)Requires the rater to indicate how frequently the ratee has performed each of the listed behaviors.
• D)Calls for comparison between specific, quantifiable target goals and the actual results achieved by an employee.
• E)Makes comparisons among ratees according to some measure of effectiveness or simply overall effectiveness.

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Definitions:

Self-Interest

The pursuit of personal advantage and well-being, often driving economic decisions and behaviors.

Expansionary Fiscal Policy

A government policy aimed at stimulating economic growth by increasing public spending, cutting taxes, or both, to boost aggregate demand.

Equilibrium Price Level

The cost at which the amount of products offered matches the amount of products requested.

Equilibrium Output

The level of production at which the quantity of goods produced equals the quantity of goods demanded.