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ArbitrLikvidat [17]
3 years ago
6

Write a detailed note on process of MBO

Business
1 answer:
sergeinik [125]3 years ago
4 0

Answer:

the safe steps of the MBO process are Define organizational goals Define employees are objectives continuous monitoring performance and progress perform evaluation providing feedback performance appraisal. Define organizational goals goals are critical accused organizational Effectiveness and they served a number of purposes organizations can also have several different kinds of gold all of much would be appropriately managed and a number of different kinds of managers must be involved in setting goals the goals set by their superiors are preliminary based on an analysis and judgment as to what can and what should be accomplished by the organization within a certain period. Define employees objectives after making sure the employees managers have informed a pertinent General objectives strategies and planning premises the manager can then proceed to work with employees and setting their objectives asked what goals the employees believe they can accomplish and what time. And with what resources they will then discuss some preliminary thoughts about what go seem feasible for the company or Department. continuous monitoring performance and progress MBO process is not only essential for making line managers and business organization more effective but also equally important for monitoring the performance and progress of employees for monitoring the performance and progress the following are required identifying and effective programs by comparing performance with preestablished objectives using zero based budgeting applying Bo concept for measuring individual and plans preparing long and short-range objectives and plants installing effective controls and designing a sound organizational structure with clear responsibilities and decision-making Authority at the appropriate level. performance evaluation under the NBA process performance review is made by the precipitation of concern managers. providing feedback the filial ingredients in an MBO program and continuous feedback on performance and goals that allow individuals to Monitor and correct their own actions base continues feedback is supplemented by periodic formal appraisal meetings in which superiors and subordinates can review progress toward goals weight sled to further feedback. performance appraisal. performance appraisals are irregular view of employee performance with an organization it is down at the last stage of the MBO process.

hope this helps

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Which firm is likely to see its profits reduced the most in a recession: an automobile producer, a manufacturer of boots and sho
dem82 [27]

Automobile producer would see profit reduced the most and janitorial services would be least affected.

<u>Explanation:</u>

Recession is one of the phases of the trade cycle. In this phase of the trade cycle, there is downfall in the production, consumption, investment and saving in the economy. The growth rate of the economy sees a downfall in this phase.

Among the examples given here, automobile producer is the firm which would be one of the most affected company during the time of recession because it is not something essential but luxury.

4 0
4 years ago
Which of the following describes one advantage of living in an urban area?
daser333 [38]

Answer:

One advantage of living in an urban area is that everything is close by which makes it convienent to live in that area if you are interested in having a lot of stores and places to attend. A rural area is more quiet and has less places surrounding it.

Explanation:

6 0
4 years ago
Read 2 more answers
Suppose that in one year the Consulting Corporation had net sales of $750,000 and in the next year had net sales of $925,000. Wh
sergey [27]

Answer:

23.33%

Explanation:

Data provided in the question

Net sales in one year = $750,000

And, the next year net sales = $925,000

So by considering the above information, the  percentage change in using horizontal analysis is

= Difference in amount ÷ Net sales in one year

= ($925,000 - $750,000) ÷ ($750,000)

= ($175,000) ÷ ($750,000)

= 23.33%

3 0
3 years ago
The Central Bank of Wiknam increases the money supply at the same time the Parliament of Wiknam passes a new investment tax cred
tresset_1 [31]

Answer:

a. both the money supply increase and the investment tax credit 

Explanation:

When the Central Bank of Wiknam increases the money supply, it is known as expansionary monetary policy.

When the Parliament of Wiknam passes a new investment tax credit, it is known as expansionary fiscal policy.

A shift in the aggregate demand curve to the right is when aggreagrate demand increases.

When money supply is increased, disposable income increases, consumption increases and aggregate demand increases.

Investment tax credit reduces the amount paid as tax and therefore increases disposable income, consumption increases and aggregate demand increases.

I hope my answer helps you.

3 0
3 years ago
Crane, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity c
expeople1 [14]

Answer:

Ordering and receiving = $7.35 per order

Food processing = $8.49 per machine hour

Packaging = $3.84 per labor hour

Explanation:

According to the scenario, computation of the given data are as follows,

We can calculate overhead rate by using following formula,

Overhead Rate = Estimated Overhead ÷ Estimated Use of Cost Drivers per Activity

So, by putting the value in the formula, we get

Overhead rate of Ordering and receiving = $117,600 ÷ 16,000 = $7.35 per order

Overhead rate of Food processing = 530,625 ÷ 62,500 = $8.49 per machine hour

Overhead rate of Packaging = 1,701,120 ÷ 443,000 = $3.84 per labor hour

6 0
3 years ago
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