The joint formulation by a manager and his or her superior of a set of goals and plans for achieving the goals for a forthcoming period is known as _____.
A)capital budgeting
B)managerial effort
C)management by opinion
D)management by objectives

Question

Quizplus · Accepted Answer

This definition describes the management technique known as Management by Objectives (MBO), in which both the manager and their superior collaborate to set specific goals, and then create a plan to achieve those goals over a particular period. Capital Budgeting (A) refers to the process of planning and managing expenditures for long-term assets, while Managerial Effort (B) is a more general term that encompasses the overall work and effort put into managing a team or organization. Management by Opinion (C) is not a recognized management technique.

The Joint Formulation by a Manager and His or Her