After Setting Worker Objectives,the Next Step in a Management by Objectives

question 86

Multiple Choice

After setting worker objectives,the next step in a management by objectives (MBO) program is to ________.

• A)develop performance evaluation criteria
• B)review organizational objectives
• C)establish rewards
• D)monitor progress
• E)evaluate past performance

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Definitions:

Inventory Shrinkage

This refers to the loss of products between procurement and sale, often due to theft, damage, or errors.

Income Summary

An account used in the closing process to combine all income and expense accounts and show the period's net income or loss.

Perpetual Inventory System

An accounting method that records purchases and sales of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

Delivery Expense

This refers to the costs associated with transporting goods from one place to another, including shipping fees, freight, and packaging costs.