A process whereby superiors and subordinates jointly set goals and assess contributions of Every one to the common goals is called

The correct answer is B. MBO.

MBO stands for Management by Objectives. It is a process whereby superiors and subordinates jointly set goals and assess contributions of everyone to the common goals.

MBE stands for Management by Exception. It is a management style in which managers focus on only the most important issues and delegate the rest to their subordinates.

MBS stands for Management by Systems. It is a management style that focuses on the development and use of systems to improve efficiency and effectiveness.

MBP stands for Management by Participation. It is a management style that involves employees in decision-making and problem-solving.