Match the Following: -Management by Objectives

question 2

Multiple Choice

Match the following:
-Management by Objectives

• A)Solicitation of employee attitudes through questionnaires.
• B)Goal setting and performance planning between employee and supervisor.
• C)Change agent facilitation to improve individual and organizational processes.
• D)Intra- and intergroup process improvements.
• E)An attempt to culturally embed quality throughout the organization.

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Definitions:

Markup

The amount added to the cost price of goods to cover overhead and profit, determining the selling price.

Total Cost Method

A cost-plus method of price setting in which all the costs of manufacturing the product plus the selling and administrative expenses are included in the cost amount to which the markup is added.

Manufacturing Cost

The total expense incurred in the process of producing a product, including direct labor, direct materials, and overhead costs.

Desired Profit

The target profit a company or individual aims to achieve in a specific period.