Management by Objectives Is a Goal-Setting and Performance-Planning Program Originated

question 40

Multiple Choice

Management by objectives is a goal-setting and performance-planning program originated by:

• A) Albert Bandura
• B) B. F. Skinner
• C) J.Willard Marriott
• D) Peter Drucker

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Definitions:

Contribution Margin

The margin created by subtracting variable costs from sales revenue, which is utilized to pay for fixed expenses and create profit.

Fixed Costs

Expenses that do not change with the level of production or sales over a certain period, such as rent, salaries, and insurance.

Financial Advantage

The benefit gained from making a particular financial decision, often represented by gains in revenue or reductions in costs.

Traceable Fixed Costs

Constant expenses directly associated with a particular product line or business division.