Tag: meaning and definition of mbo

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Multiple choice commerce management by objectives (mbo) and management by exception (mbe) meaning and definition of mbo meaning and definition of mbe controlling

______ refers to the establishment of a relationship between the persons of the same status.

  1. External co-ordination

  2. Horizontal co-ordination

  3. Vertical co-ordination

  4. None of above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Horizontal coordination refers to the establishment of a relationship between the persons of the same status. Horizontal coordination can be defined as a process of synchronization between the two or more persons working at the same level of authority. Generally different departmental heads discuss the policy of their department with each other in order to facilitate coordination in the organization.

Multiple choice commerce management by objectives (mbo) and management by exception (mbe) meaning and definition of mbo meaning and definition of mbe controlling

_________ provides a means to identify and plan for the achievement of goals.

  1. Management by Objectives

  2. Management by Function

  3. Management by Department

  4. Management by Employees
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Management by Objectives provides a means to identify and plan for the achievement of goals. 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. MBO can be applied in various areas of organization, such as, performance appraisal, organizational development, etc.

Multiple choice commerce management by objectives (mbo) and management by exception (mbe) meaning and definition of mbo meaning and definition of mbe controlling

Objectives should provide direction to _______.

  1. Managerial activities

  2. Marketing

  3. Financing

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Objectives should provide direction to managerial activities, marketing and financing. Objectives is often referred as an end point of any activity. All the activities of an organization should be guided and directed in  such a way so that objectives or the organizational goal can be achieved in an efficient manner.

Multiple choice commerce management by objectives (mbo) and management by exception (mbe) meaning and definition of mbo meaning and definition of mbe controlling

As future is uncertain, strategic management as a process requires foresight.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

As future is uncertain, strategic management as a process requires foresight. This is a true statement. Strategic management. involves the formulation and implementation of the major goals and initiatives taken by a company's top management on behalf of owners. Strategic management of the organizational activities help to achieve the organizational goal in a more efficient manner.

Multiple choice commerce management by objectives (mbo) and management by exception (mbe) meaning and definition of mbo meaning and definition of mbe controlling

The core concept of MBO is ________.

  1. Organizing

  2. Directing

  3. Planning

  4. Controlling
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The core concept of MBO is planning. 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. MBO can be applied in various areas of organization, such as, performance appraisal, organizational development, etc.

Multiple choice commerce management by objectives (mbo) and management by exception (mbe) meaning and definition of mbo meaning and definition of mbe controlling

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
Reveal answer Fill a bubble to check yourself
D Correct answer
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.
Multiple choice commerce management by objectives (mbo) and management by exception (mbe) meaning and definition of mbo meaning and definition of mbe controlling

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
Reveal answer Fill a bubble to check yourself
C Correct answer
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.

Multiple choice commerce management by objectives (mbo) and management by exception (mbe) meaning and definition of mbo meaning and definition of mbe controlling

Objectives are the ______ of Management action.

  1. Design

  2. End points

  3. Starting points

  4. Planning
Reveal answer Fill a bubble to check yourself
B Correct answer
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.