The College of Business at a local college has an objective of generating a $500,000 surplus earmarked for a new technology center. The College's technology is severely lacking compared to other area schools. How will the person in charge of meeting this goal be held accountable and with what potential result?
A) Having a component built into an annual review with no incentivizing aside from potential job security
B) Having a component built into an annual review with raises tied to successes and extensive explanation needed for an unfavorable performance
C) Having an informal meeting with upper management at the end of the project with the potential for a bonus
D) Holding informal meetings with upper management to discuss results with no raises tied to success

Question

Quizplus · Accepted Answer

This question requires familiarity with how to evaluate progress towards a financial goal. Choice B is correct because it is the only choice that provides an effective means to evaluate progress on a consistent basis and something that will incentivize the person responsible for the outcome. The remaining choices either contain an inconsistent basis for review and/or a lack of incentive for the responsible party.

The College of Business at a Local College Has an Objective