One of the Primary Advantages of Management by Objectives (MBO)

question 59

Multiple Choice

One of the primary advantages of management by objectives (MBO) is that ________.

• A) it saves time
• B) it is an easy process
• C) it gains employee commitment
• D) it reduces the volume of paper work in the organization
• E) it places the responsibility for goal attainment solely on managers

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Definitions:

Net Asset Values

The value of an entity's assets minus the value of its liabilities, often used in relation to investment funds.

Money Market Funds

Investment funds that invest in short-term debt securities, such as treasury bills and commercial paper, offering investors high liquidity with a relatively low level of risk.

Prime Institutional

High-quality services or investment products catered to large institutional investors, typically offering premier levels of performance and service.

Construction Loans

Short-term loans used to finance the building of a property, with funds released incrementally as construction progresses.