Which of the Following Is NOT a Key Principle of Management

question 37

Multiple Choice

Which of the following is NOT a key principle of management by objectives (MBO) ?

• A)Specific objectives for each individual
• B)Performance evaluation and feedback
• C)Autocratic decision making
• D)Specific time period to accomplish goals

Understand the concept of reverse mentoring and its benefits within a company.

Identify and understand different types of professional networks and their significance.

Recognize and explain role hierarchies and norms within organizational contexts.

Grasp the concept of role diversity and its importance in a business environment.

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Definitions:

Overproduction

Overproduction occurs when more goods are produced than are demanded by the market, often leading to excess inventory and wastage of resources.

Lost Sales

Revenue that was not earned due to an inability to meet customer demand or because the customer chose a competitor's product.

Customer Dissatisfaction

Negative feelings or a state of disappointment experienced by customers when products or services fail to meet their expectations.

Absorption Costing Income

The profit figure calculated under absorption costing, including all costs of production – both fixed and variable – in product costs, affecting reported income.