MBO Programs Usually Are Successful Largely Because They ________

question 2

Multiple Choice

MBO programs usually are successful largely because they ________.

• A)give employees a sense of ownership of goals
• B)free managers from the responsibility of setting goals
• C)give managers a sense of ownership of goals
• D)free employees from responsibility if goals are not met

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Definitions:

Capital Account

A capital account is a financial statement that shows the changes in a company’s assets, liabilities, and equity, or an individual part of a nation's balance of payments reflecting net change in ownership of national assets.

Owner's Equity

The residual interest in the assets of a business after all liabilities are deducted.

Liabilities

The sum of all debts and financial commitments a company owes to external parties, appearing on the company's balance sheet.

Normal Balances

The side (debit or credit) on which increases to the account are recorded, depending on the account type.