Quiz & Worksheet - The MBO Process Study.com

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What Is Management by Objective? - De ning the MBO Process - Quiz & Worksheet Video Quiz Help Course Latest score: 60% Oops, you didn't pass. But, that's okay! You can retake the quiz at any time. Retake Quiz Go To Next Lesson (To pass you need a score of 80% or more.) Saving your score... Business 106: Human Resource Management Course Practice 12 chapters | 103 quizzes Course Progress 56 / 103 quizzes Ch 1. Overview of HRM Field Ch 2. Organizational Theories & Human Resources Ch 3. Job Analysis and Design Ch 4. Sta ng in Organizations Ch 5. Training and Development in Organizations Quiz & Worksheet - The MBO Process | Study.com https://study.com/academy/practice/quiz-worksheet-the-mbo-process.html 1 of 12 12/29/2023, 8:54 PM
How is Management by Objective (MBO) BEST de ned? Explanation Peter Drucker developed the concept of Management by Objective (MBO). He believed if a company banded together to set objectives collectively, then the reward would be much greater than just passing down the objectives from upper management. He believed that if employees were part of the objective setting process, the bene ts would be tremendous and help the company to achieve its goals. Which of the following is NOT part of the Management by Objective (MBO) process? Get the correct answer in the lesson and try again! Your Answer Managers and employees collaborate to set objectives; their collective buy-in increases the organization's success. Watch Correct Answer Read Answer Explanation Performance Appraisals: Bene ts and Challenges 4:41 Uses of Performance Appraisals: Administrative and Developmental 4:16 Importance of Reliability, Acceptability, Sensitivity & Practicality in Performance Appraisals 3:42 Types of Performance Appraisal: Trait, Behavioral & Results 3:30 Common Appraisal Methods | Pros & Cons 4:20 Common Appraisal Methods 2: Narratives, Forced Choice & 3:52 Ch 6. Performance Appraisals Quiz & Worksheet - The MBO Process | Study.com https://study.com/academy/practice/quiz-worksheet-the-mbo-process.html 2 of 12 12/29/2023, 8:54 PM
Explanation The Management by Objective (MBO) process involves management enlisting employees to help develop the company's objectives. When they meet, management lists several areas that they believe the company needs to focus on and asks for employees' opinion on those objectives. As the team works, they develop a consensus of what objectives the company should have, and everyone agrees. All parties leave the room with a clear understanding of what the company is doing and why. Which of the following statements is FALSE regarding the role of employees in the Management by Objective (MBO) process? Your Answer Management enlists employees in helping to develop the company's objectives. Watch Correct Answer Read Answer Explanation Your Answer Employees are able to bene t nancially by purchasing stock in the company. Watch Correct Answer Read Answer Explanation Quiz & Worksheet - The MBO Process | Study.com https://study.com/academy/practice/quiz-worksheet-the-mbo-process.html 3 of 12 12/29/2023, 8:54 PM
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Explanation The results of the Management by Objective (MBO) process for employees include: being able to speak without fear of reprisal or appearing to be a 'big mouth,' knowing their opinions will be heard and reviewed, sharing common goals, and forming a more tightly knit, focused organization. Which of the following was established by Peter Drucker's Management by Objective (MBO) concept? Explanation Peter Drucker's Management by Objective (MBO) concept was truly the start of management involving employees. MBO involves management listening to those individuals who actually do the work and marrying that with the thoughts and ideas of management. Which of the following is NOT a bene t of Management by Objective (MBO)? Your Answer It started the practice of management listening to employees, and marrying that with the thoughts and ideas of management. Watch Correct Answer Read Answer Explanation Quiz & Worksheet - The MBO Process | Study.com https://study.com/academy/practice/quiz-worksheet-the-mbo-process.html 4 of 12 12/29/2023, 8:54 PM
Explanation Some of the results (or bene ts) of MBO include employees being more motivated because they have input into how the company is run, employees feeling a sense of ownership in the direction of the company, which carries over to an increased sense of accountability and responsibility in the jobs they perform, and communication improving dramatically since employees have a voice and a say and can speak without fear of reprisal. The price of a company's stock increasing is not a bene t of MBO. Your Answer Communication increases throughout the company. Watch Correct Answer Read Answer Explanation Worksheet Print Worksheet Quiz & Worksheet - The MBO Process | Study.com https://study.com/academy/practice/quiz-worksheet-the-mbo-process.html 5 of 12 12/29/2023, 8:54 PM
a. b. c. d. e. 1. Which of the following is NOT part of the Management by Objective (MBO) process? Management and employees come to a consensus on the objectives. Management has the nal say on the company's objectives. Employees are asked to provide their input toward establishing the company objectives. Management states the areas of the company that need the most focus and why. Management enlists employees in helping to develop the company's objectives. Quiz & Worksheet - The MBO Process | Study.com https://study.com/academy/practice/quiz-worksheet-the-mbo-process.html 6 of 12 12/29/2023, 8:54 PM
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a. b. c. d. 2. How is Management by Objective (MBO) BEST de ned? Employees can o er their opinions, but their opinions will not be reviewed or acted upon. Employees do not need to know the company's objectives or the reasons behind them. Managers and employees collaborate to set objectives; their collective buy- in increases the organization's success. Managers should direct the company, and employees do what their jobs say they should do. Quiz & Worksheet - The MBO Process | Study.com https://study.com/academy/practice/quiz-worksheet-the-mbo-process.html 7 of 12 12/29/2023, 8:54 PM
a. b. c. d. 3. Which of the following was established by Peter Drucker's Management by Objective (MBO) concept? It con rmed that employees are unable to focus without clear direction set by management. It empowered employees to do whatever they want without consulting management. It started the practice of management listening to employees, and marrying that with the thoughts and ideas of management. It rea rmed that managers should direct a company and establish its objectives. Quiz & Worksheet - The MBO Process | Study.com https://study.com/academy/practice/quiz-worksheet-the-mbo-process.html 8 of 12 12/29/2023, 8:54 PM
a. b. c. d. e. 4. Which of the following statements is FALSE regarding the role of employees in the Management by Objective (MBO) process? Employees will share common goals. Employees can speak without fear of reprisal or appearing to be a 'big mouth.' Employees know their opinions will be heard and reviewed. Employees tend to form a more tightly knit, focused organization. Employees are able to bene t nancially by purchasing stock in the company. Quiz & Worksheet - The MBO Process | Study.com https://study.com/academy/practice/quiz-worksheet-the-mbo-process.html 9 of 12 12/29/2023, 8:54 PM
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a. b. c. d. e. About This Quiz & Worksheet The MBO process is important in business, and this quiz/worksheet will help you test your understanding of its bene ts and characteristics. Quiz & Worksheet Goals In these assessments you'll be tested on the bene ts, traits and theories of: 5. Which of the following is NOT a bene t of Management by Objective (MBO)? Employees have an increased sense of accountability. A company's stock increases in price. Employees have a sense of ownership. Employees are more motivated. Communication increases throughout the company. Print Worksheet About This Quiz & Worksheet Quiz & Worksheet - The MBO Process | Study.com https://study.com/academy/practice/quiz-worksheet-the-mbo-process.html 10 of 12 12/29/2023, 8:54 PM
MBO on organizations MBO on employees The Practice of Management MBO Skills Practiced This quiz and worksheet allow students to test the following skills: Distinguishing di erences - compare and contrast the bene ts of MBO on organizations and employees Reading comprehension - ensure that you draw the most important information from the lesson on the e ects and traits of MBO Information recall - access the knowledge you've gained regarding The Practice of Management Additional Learning To learn more about MBO, review the accompanying lesson, What is Management by Objective? - De ning the MBO Process. This lesson covers the following objectives: Understand what constitutes MBO Familiarize yourself with the origins of MBO Know the bene ts and e ects of MBO Practice Exams Quiz & Worksheet - The MBO Process | Study.com https://study.com/academy/practice/quiz-worksheet-the-mbo-process.html 11 of 12 12/29/2023, 8:54 PM
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