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Question
Firms must be aware of goals other than short-term profit maximization. One area of concern should be social responsibility which is:
A. the expectation that business will strive to improve the overall welfare of society
B. the idea that organizations are solely responsible to local citizens
C. the fact that court costs could impact the financial bottom line
D. the idea that businesses are responsible to maintain a healthy social climate for their employees
Answer
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Related questions
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In contrast to the vision of an organization, its mission should:
A. be shorter in length
B. encompass both the purpose of the company as well as the basis of competition
C. encompass all the major rules and regulations of the corporate work force
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Examples of __________ include: To be the happiest place on earth (Disneyland), and Restoring patients to full life (Medtronic).
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The hierarchy of organizational goals is in this order (least specific to most specific):
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Strategy formulation and implementation is a challenging ongoing process. To be effective, it should not involve:
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A. appointed by the Securities and Exchange Commission
B. elected by the shareholders as their representatives
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D. only allowed to serve one term of four years
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A. Goals and objectives that are uncertain prevent opportunism.
B. Traditional strategic controls are usually inappropriate.
C. Complacency about predetermined milestones can prevent adaptability.
D. Detailed plans are needed to maintain order.