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      Question

      What is 'MBO' in management

      parlance?
      A Management by Observation Correct Answer Incorrect Answer
      B Management by Objectives Correct Answer Incorrect Answer
      C Money and Banking Operations Correct Answer Incorrect Answer
      D Minimum Business Output Correct Answer Incorrect Answer
      E Mutual Benefit Organization Correct Answer Incorrect Answer

      Solution

      Introduced by Peter Drucker, MBO is a process where managers and employees jointly define goals.

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