In Using MBO, Objectives Should Be Set

question 128

Multiple Choice

In using MBO, objectives should be set

• A) by the supervisor.
• B) by the employee.
• C) jointly by the supervisor and the employee.
• D) by the accounting department.
• E) by top management.

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Definitions:

Accrued Taxes

Taxes that have been incurred but not yet paid during a given accounting period, representing a liability on the company's balance sheet.

Operating Cash Flow

Cash generated from a company's everyday business operations, indicating its ability to generate sufficient positive cash flow to maintain and grow its operations.

Dividends

A portion of a company's earnings that is paid to shareholders, usually on a quarterly basis.

Fixed Assets

Long-term tangible assets that a company uses in its operations and that are not intended to be sold in the regular course of business.