Which of the Following Is INCORRECT About Management by Objectives

question 11

Multiple Choice

Which of the following is INCORRECT about management by objectives?

• A)It is results oriented.
• B)It motivates employees.
• C)It provides a sound means of appraising employees.
• D)It requires less thorough planning.

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Definitions:

Bad Debts Expense

Bad debts expense is an estimate of the accounts receivable that a company does not expect to collect, treated as an expense on the income statement.

Payment on Account

A payment made towards an outstanding account balance, before the final settlement of the account.

Notes Receivable

Written promises for amounts to be received by a business, typically with interest, from other parties or customers.

Allowance Method

An accounting technique used to estimate and account for doubtful debts, recognizing potential losses from accounts receivable that may not be collected.