In Addition to Being Made by By Both Managers and Employees

question 48

Multiple Choice

In addition to being made by by both managers and employees, MBO goals must be ________.

• A)nonspecific and open-ended with regard to time
• B)specific and open-ended with regard to time
• C)specific and include an explicit time limit
• D)nonspecific and include no time limit

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Definitions:

Preferred Course

A path or option that is favored or chosen over others due to its perceived benefits or advantages.

Classical Decision Theory

A framework in managerial economics that outlines how decisions should be made, considering variables and outcomes in a rational and structured manner.

Satisfactory Alternative

An acceptable option or solution that meets basic requirements or needs, though it may not be the optimal choice.

Behavioural Decision Model

Decision-making with limited information and bounded rationality.