Which of the Following Is Required in Successful Management by Objectives

question 12

Multiple Choice

Which of the following is required in successful management by objectives programs?

• A) guidelines for improvement
• B) the highest goals possible
• C) emphasis on work group instead of individual goals
• D) total freedom for the workers to set their own goals

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Definitions:

Utility Function

A mathematical representation that ranks an individual's preferences over a set of goods or outcomes.

Equivalent Variation

A measure in economics that calculates the change in income required to reach the utility level before a price change, keeping the new prices constant.

Earrings

Are jewelry or ornaments worn attached to the earlobes or through holes pierced in the ears, available in various designs and materials.

Utility Function

An economic model representing the preferences of an individual or entity over a set of goods or services, quantifying satisfaction or utility derived from consumption.