Which of These Refer to a Process of Joint Objective

question 50

Multiple Choice

Which of these refer to a process of joint objective setting and reviews between a superior and a subordinate?

• A) Management by directives
• B) Management by objectives
• C) Performance appraisals
• D) Salary reviews

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Definitions:

Soft Rationing

Internal limitations set by a company on the amount of funds allocated for new investments or projects.

Operating Leverage

A measure of how revenue growth translates into growth in operating income, demonstrating the proportion of fixed versus variable costs a company has.

Fixed Costs

Expenses that remain constant regardless of how much is produced or sold, including rent, salaries, and insurance costs.

Accounting Break-Even

The point where total sales equal total expenses, and the company makes no profit but also incurs no loss.