Katelynn Kareem Managers at WXYZ Just Announced That the New Management Program

question 6

Multiple Choice

Katelynn Kareem
Managers at WXYZ just announced that the new management program would be focused around management by objectives (MBO) concepts. Katelynn Kareem had been a manager at WXYZ for 10 years, and she was not certain if this new MBO approach was going to fit her department. She had strong commitment to achieving the company's objectives, but she also knew her employees well enough to know that some didn't share the same commitment.
-Katelynn can anticipate enjoying the advantages of MBO, which include:

• A) focused manager and employee efforts on activities that will lead to goal attainment.
• B) improved performance at all company levels.
• C) improved employee motivation.
• D) alignment of individual and departmental goals with company goals.
• E) all of these.

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Definitions:

Cumulative

Refers to something increasing in quantity, degree, or force by successive additions, often used in the context of cumulative dividends or interest.

Non-cumulative

A term, often referring to preferred shares or dividends, indicating that if a dividend is not declared, it does not accumulate and is not owed in future periods.

Participating

In the context of financial securities, participating refers to the characteristic of a security that allows its holder to receive additional dividends or profits beyond a specified amount.

Non-cumulative Preferred Stock

A type of preferred stock where dividends are not accumulated if they are not declared.