MBO Programs Use Goals to __________ Employees Rather Than to _____________

question 136

Multiple Choice

MBO programs use goals to __________ employees rather than to _____________ them.

• A) control; motivate
• B) motivate; control
• C) reward; punish
• D) punish; reward
• E) control; reward

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Definitions:

Factor With Recourse

An arrangement where a business sells its receivables to a factor but remains liable if the debts sold are not collected.

Recourse Obligation

Recourse obligation refers to a debt or liability for which the borrower is personally responsible, meaning the lender can pursue the borrower's other assets if the primary assets securing the loan fail to satisfy the debt.

U.S. And IFRS Guidance

U.S. and IFRS guidance refers to the accounting standards set by the United States (Generally Accepted Accounting Principles) and the International Financial Reporting Standards, respectively.

Collateralized Borrowing

A loan that is secured by collateral, meaning if the borrower defaults, the lender has the right to seize the asset(s) pledged as collateral.