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Describe five problems or pitfalls associated with the use of MBO.
Operational Index
A statistical measure used to gauge the performance and efficiency of business operations.
Systems Perspective
An approach to analysis that considers the entire system, including all of its interacting components, to understand complex phenomena.
Quantitative Forecasts
Predictions about future events, primarily based on numerical data and using statistical modeling techniques.
Qualitative Forecasts
Forecasting methods that use expert judgement rather than numerical data to predict future events or trends.
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