Which of These Is a Method of Management Whereby Managers

question 99

Multiple Choice

Which of these is a method of management whereby managers and employees define goals for every department, project, and person and use them to monitor subsequent performance?

• A) Organizational planning
• B) Management by objectives
• C) Goal setting
• D) Mission development
• E) Vision development

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Definitions:

Offer And Acceptance

The fundamental components of a contract where one party makes an offer and the other accepts, creating a legally binding agreement.

Consideration

A value (such as money, service, or goods) exchanged between parties in a contract, making the agreement legally binding.

Fairness

The quality of being impartial, just, and equitable in decisions and actions.

Bargaining Process

The negotiation or discussion between two or more parties to come to a mutually acceptable agreement or contract.