Which of the Following Statements Is True Regarding a Management

question 7

Multiple Choice

Which of the following statements is true regarding a management by objective (MBO) program?

• A) Many elements in MBO programs match propositions of cognitive evaluation theory.
• B) MBO strongly advocates that the goals should be assigned by the managers without the employees participating in the goal setting process.
• C) MBO programs set generalized rather than specific goals.
• D) MBO programs involve explicit time periods.
• E) MBO programs strongly discourage providing performance feedback because it can have negative effects on employee motivation.

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Definitions:

Factor Market

The marketplace where services of the factors of production (notably land, labor, capital) are bought and sold.

Resources Exchanged

The process through which different types of resources, including goods, services, information, and money, are traded or swapped among individuals, businesses, or countries.

Input Markets

Markets where firms buy resources, goods, and services that they need in order to produce outputs that will be sold in output markets.

Households Supply

Refers to the goods and services supplied by households, including labor, to the market.