Management by Objectives (MBO)is a System of Goal Setting and Implementation

question 81

True/False

Management by objectives (MBO)is a system of goal setting and implementation that involves a cycle of discussion,review and evaluation of objectives among top and mid-level managers,supervisors and employees.

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Definitions:

Per Annum

An expression meaning "for each year," used to describe rates or amounts calculated on an annual basis.

Rate Of Return

The gain or loss on an investment over a specified time period, expressed as a percentage of the investment’s cost.

Investment Account

An account held at a financial institution that holds investments such as stocks, bonds, mutual funds, and other assets for investors.

Millionaire

An individual whose net worth or wealth is equal to or exceeds one million units of currency.