What is MBO? Describe the process by which MBO is done as well as its purpose.
What will be an ideal response?
Management by objectives (MBO) is a four-step process in which (1) managers and employees jointly set objectives for the employee, (2) managers develop action plans, (3) managers and employees periodically review the employee's performance, and (4) the manager makes a performance appraisal and rewards the employee according to results. The purpose of MBO is to motivate rather than control subordinates.
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Which of the following should be included in the acquisition cost of a piece of equipment?
a. installation costs b. transportation costs c. testing costs prior to placing the equipment into production d. all of these
What is the process that is initiated by validated attendance time records?
a. accrue employer taxes b. distribute labor costs c. reconcile hours worked d. pay employees
Which of the following statements best describes the state of the marketing research industry in the 1950s?
A) There was "no sense of industry." B) Marketing research was needed for survival. C) There were quite large "behemoths" that operated around the globe with revenues in excess of $1 billion. D) The industry was composed of many small, privately owned firms that didn't report their revenues. E) both A and D
The logical solution to the problem of finding a global definition for diversity that can be relevant in different cultural and national contexts is to define diversity by process and _____________.
a. Category b. Consequences c. Relevancy d. Impact