Which One of the Following Is the Last Step in MBO

question 2

Multiple Choice

Which one of the following is the last step in MBO?

• A) Progress toward objectives is periodically reviewed, and feedback is provided.
• B) The organization's overall objectives and strategies are formulated.
• C) Successful achievement of objectives is reinforced by performance-based rewards.
• D) Action plans are implemented.

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Definitions:

Factory Overhead

Indirect manufacturing costs not directly tied to specific units produced, including maintenance, utilities, and salaries of supervisory staff.

Administrative Expenses

Costs related to the general administration of a business, such as salaries of senior executives, accounting, and human resources, that are not directly tied to any specific business activity.

Period Cost

Expenses recognized in the accounting period when they are incurred, not directly linked to production activity.

Selling

The process of persuading a customer to buy a product or service, often involving identifying customer needs, presenting solutions, and closing the sale.