Answer the following statements true (T) or false (F)
1. Perpetuation objectives are one type of objective used in MBO.
2. In MBO, objectives that employees fail to meet should be put aside for the next period in favor of ones that they can achieve.
3. In order for MBO to be successful, it must be implemented throughout the entire organization.
4. Organizationwide, the best structure for objectives in MBO is known as a diversity pattern.
1. FALSE
There are three types of objectives in MBO: improvement objectives, personal development objectives, and maintenance objectives.
2. FALSE
Failure to meet MBO objectives can be addressed by redefining the objectives for the next 6- or 12-month period, or even by taking stronger measures, such as demotion.
3. TRUE
The MBO program has to be put in place throughout the entire organization. That is, it cannot be applied in just some divisions and departments; it has to be done in all of them.
4. FALSE
MBO works by cascading objectives down through the organization; that is, objectives are structured in a unified hierarchy, becoming more specific at lower levels of the organization. Top managers set general organizational objectives, which are translated into divisional objectives, which are translated into departmental objectives. The hierarchy ends in individual objectives set by each employee.
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Eminent domain rights are found in the Fifth and Fourteenth Amendments
Indicate whether the statement is true or false
Ms. Martin received $80,000 from a $100,000 life insurance policy as an accelerated death benefit. None of the $80,000 is taxable to her.
Answer the following statement true (T) or false (F)
According to GASB, an unassigned fund balance is:
A. The designation given for rainy day funds. B. The only category of Fund balance that may not be reported as a negative number. C. The residual category for the General Fund. D. None of the choices is correct.
Mica is an employee of Natural Gas Company and a member of a union of company employees. Under federal law, Mica and other union members have the right to
A. bargain collectively with their employer through their representative. B. insist that their employer require union membership to work. C. require their employer to contribute financially to their union. D. none of the choices.