When Taking a Management by Objectives (MBO)approach to Performance Evaluation,which

question 47

Multiple Choice

When taking a management by objectives (MBO) approach to performance evaluation,which of the following steps would typically be last?

• A) Participants set objectives that are realistic,challenging,clear,and comprehensive
• B) Objectives for the next cycle are set by the subordinate after consulting with the superior
• C) Dates for reviewing intermediate progress are agreed upon and used
• D) A final evaluation by the superior is made and a meeting is held with the subordinate in a counseling,encouraging session

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Definitions:

General Journal

A primary accounting record used to record all types of transactions and events in chronological order before they are posted to specific accounts.

Internal Control

Approaches and techniques employed by a business to protect the veracity of accounting and financial information, foster answerability, and inhibit dishonesty.

Cash Receipts

Money received by a business from transactions, including sales, loan proceeds, or other cash inflows.

Control Measures

Actions, mechanisms or policies implemented to regulate processes and diminish risks.