Which of the following statements about management by objectives $($MBO$)$ is false?

A$.$ It is a management philosophy that bases an employee's evaluations on whether the employee achieves specific performance goals.

B$.$ Employee involvement is high in MBO.

C$.$ It is a set of mutually agreed$-$upon objectives that are measurable and specific.

D$.$ It is best suited for managing the performance of employees who work in contexts in which subjective measures of performance can be quantified.

E$.$ Employee performance can be gauged by referring to the degree to which the employee achievis results that are consistent with the objectives.