Both Quantifiable and Non-Quantifiable Objectives Set in the Management by Objectives

question 23

True/False

Both quantifiable and non-quantifiable objectives set in the management by objectives (MBO)process can be effectively used to evaluate employees.

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Definitions:

Check

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer.

Accounts Payable

The amount of money owed by a company to its creditors for goods and services received but not yet paid for.

Credit Sale

A type of transaction where the goods or services are provided to the customer with the agreement that payment will be made at a later date.

Future Obligation

A commitment or responsibility to incur a cost or expenditure at a future date.