Which of the Following Statements Associated with Management by Objectives

question 45

Multiple Choice

Which of the following statements associated with Management by Objectives (MBO) is NOT accurate?

• A) Goals should be determined jointly between a manager and an employee.
• B) To be effective, goals should be realistic.
• C) Broad general goals are congruent with the MBO approach.
• D) Regular evaluation and feedback against targets is critical.

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Definitions:

Total Cost

The aggregate amount of expenses that a company or individual incurs to produce or acquire goods or services.

Short-run Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity supplied over a short period, during which at least one input is fixed.

Break-even Point

The point at which total cost and total revenue are equal, meaning there is no net loss or gain.

Long-run Supply Curve

A graphical representation showing the relationship between the price of a good and the total output produced by firms in the market in the long-run, where all inputs can be varied.