MBO Is a Process That Includes

question 71

Multiple Choice

MBO is a process that includes:

• A) goal setting, planning, and evaluation.
• B) job analysis, planning, and evaluation.
• C) goal setting, development, and control.
• D) development, planning, and control.

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Definitions:

Social Value

The importance or benefit that something has to society, which might not be reflected in its market price, such as education or environmental protection.

Resources

Assets, materials, and inputs used to produce goods and services, including natural resources, human resources, and capital.

Opportunity Cost

The cost of choosing one option over another, representing the value of the foregone alternative.

Marginal Cost

The financial outlay involved in producing an additional unit of a product or service.