Which One of the Following Reflects the Way Goals Are

question 102

Multiple Choice

Which one of the following reflects the way goals are used in an MBO program?

• A) Goals are used to prepare financial budgets for each unit.
• B) Goals are used to broadly set the direction subject to encourage interpretation by individual managers.
• C) Apart from being used to ensure that employees are doing what they are supposed to be doing, goals are used as a motivating tool for employees.
• D) Goals are used to compare organizational performance year over year.

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Definitions:

Individual Transferable Quotas (ITQs)

Limits (quotas) set by a government or a fisheries commission on the total number or total weight of a species that an individual fisher can harvest during some particular time period; fishers can sell (transfer) the right to use all or part of their respective individual quotas to other fishers.

Tragedy of the Commons

A situation in which individuals act according to their own self-interest regarding a shared resource, depleting or spoiling that resource through their collective action.

Economic Growth

An increase in the capacity of an economy to produce goods and services, compared from one period of time to another.

Low Birthrates

A situation in a population where the number of births is significantly lower than the global average or the replacement level.