Amanagement philosophy that bases an employee's evaluations on whether the employee achieves specific, mutually agreed-upon performance goals is known as

Management by objectives

Explanation:

 The management by objective is one of the type of management technique where all the employees of an organization and the managers are work together for monitoring and record all the specific goals.

It is the process of managing all the desired goals of the company by using the proper planning flow method. The main aim of the MBO (Management by objective) is that it basically determine the specific objective and also providing the feedback of the given result.  

 According to the given question, the management by objectives is refers to the management philosophy where the employees achieve the specific goals based on the evaluation.  

 Therefore, Management by objectives is the correct answer.

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