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Frostburg Fireplaces has used management by objectives (MBO) for the past year. Top managers just finished evaluating overall performance. The next step in the MBO process should be:
Rights and Duties
The legal entitlements and obligations that are held by individuals and entities under the law.
Debtor
An individual or entity that owes money to another; the borrower in a financial transaction.
Liable
Legally responsible or obligated to something, especially to make restitution or compensation.
Secured Party
An individual or organization holding an interest in a debtor's property as collateral for a loan.
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