Identify a true statement about management by objectives (MBO).
A. Setting and monitoring the achievement of these objectives does not require paperwork.
B. Senior-level managers in the organization work with the board of directors to set these objectives.
C. The performances of managers and employees are measured against these objectives.
D. Managers dictate these objectives to employees.
Answer: C
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Fredrick Taylor and the Gilbreths were proponents of which of the following?
A. Scientific management and administrative management, respectively B. Management science and human relations management, respectively C. Human relations D. Management science E. Scientific management
Which of the following statements is true?
A) A computer chip cannot be easily duplicated, so practically protection is not required. B) The Integrated Circuit Topography Act gives the inventor of a computer chip a monopoly on the idea underlying its design. C) The Integrated Circuit Topography Act gives the inventor of a computer chip a limited monopoly to reproduce and commercially exploit it. D) It is not an infringement of the Integrated Circuit Topography Act to independently develop a computer chip by using a similar process to one used in a registered topography. E) Both C and D
Lauren is the assistant manager of a midsized logistics firm. She believes her manager, Roger, has become carried away with supporting nonprofit organizations and encouraging employees to do community service. What argument would Lauren most likely use to turn Roger to her point of view?
A. Socially responsible decision making by firms can prevent increased government regulation. B. Social problems affect society in general, so it is important to protect our society. C. The company's time and money should be spent maximizing the owner's wealth, not solving society's problems. D. By contributing to social issues, business will decrease its opportunity for long-run profitability. E. The logistics business has unique resources that could be used to address serious social issues.
Raider Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department's operations in January. Units Percent Complete withRespect to ConversionBeginning work in process inventory 7,700 10%Transferred in from the prior department during January 64,000 Completed and transferred to the next department during January 63,800 Ending work in process inventory 7,900 80%The Molding Department's cost per equivalent unit for conversion cost for January was $3.19. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January?
A. $22,106.70 B. $25,201.00 C. $5,040.20 D. $20,160.80