Tag: commerce

Questions Related to commerce

MBO can be applied in various areas of organisation such as ________.

  1. Performance appraisal

  2. Organisational development

  3. Long range planning, integration of individual and organisational objectives

  4. All of the above


Correct Option: D
Explanation:
MBO or management by objectives can be defined as a personnel management technique where managers and employees work together to set, record and monitor goals for a specific period of time.MBO can be applied in various areas of organization such as: a) performance appraisal b) organizational development
c) long range planning, integration of individual and organizational objectives.

Third step in process of management by objectives is ____.

  1. Reviewing job and agreement

  2. Developing performance standards

  3. Setting of objective

  4. Ongoing performance discussion


Correct Option: C
Explanation:

Third step in process of management by objectives is setting of objective. MBO or management by objectives can be defined as a personnel management technique where managers and employees work together to set, record and monitor goals for a specific period of time.

Objectives are the ______ of Management action.

  1. Design

  2. End points

  3. Starting points

  4. Planning


Correct Option: B
Explanation:

Objectives are the end points of Management action. MBO or management by objectives can be defined as a personnel management technique where managers and employees work together to set, record and monitor goals for a specific period of time. MBO provides a plan the organizational goal.