You Want to Make Certain They Understand the Ingredients Common

question 51

Multiple Choice

You want to make certain they understand the ingredients common to MBO programs. Which of the following is one of those ingredients?

• A)Goals should be general enough to allow creativity.
• B)Decision making will be autocratic.
• C)Time periods will be implicit.
• D)Feedback will not be given on each employee's performance.
• E)Goals will be specific and measurable.

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Definitions:

Factory Overhead Cost Budget

An estimate of expected factory overhead costs for a specific period, used for planning and controlling manufacturing expenses.

Total Variable Cost

The sum of all costs that vary directly with the level of production, including materials, labor, and other expenses that increase with greater output.

Fixed Costs

Costs that remain constant regardless of the amount of goods produced or sold, including expenses like leases, wages, and insurance coverage.

Goal Conflict

A condition that occurs when individual objectives conflict with organizational objectives.