Which of the Following Statements Presents the Key Factor Underlying

question 17

Multiple Choice

Which of the following statements presents the key factor underlying the management by objectives approach?

• A)The manager and subordinate work together on the goals.
• B)Goals are subjective.
• C)The goals will push the subordinate to the highest limits of his/her abilities.
• D)The manager has close, daily access to the subordinate in order to monitor progress.

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Definitions:

Merchandise

Goods that are purchased, stored, and then sold by retailers or wholesalers, typically in the context of inventory for sale.

Cash Disbursements

Payments made by a business in cash, including expenses, debt payments, and distributions to shareholders.

Cost of Goods Sold

Represents the direct costs attributable to the production of the goods sold in a company, including the cost of the materials and labor directly used to create the product.

Receivables

Debts that customers have towards a firm for items or services that have been received or employed, yet remain unpaid.