The System by Which Corporations Are Directed and Controlled Is

question 14

Multiple Choice

The system by which corporations are directed and controlled is known as:

• A) constitution.
• B) board of directors.
• C) corporate governance.
• D) social responsibility.

Recognize the importance of diversity programs and strategies for successful organizational management.

Grasp the concept of ethnocentrism and stereotyping and their implications in social and professional settings.

Understand Hofstede's dimensions of cross-cultural differences and their application in international contexts.

Identify strategies for effective management of organizational diversity.

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Definitions:

Benchmarking

The practice of comparing business processes and performance metrics to industry bests or best practices from other companies.

Factor Analysis

A statistical method used to identify underlying variables, or factors, that explain the pattern of correlations within a set of observed variables.

Total Compensation System

The complete package of financial and non-financial benefits provided to employees, including salaries, bonuses, health insurance, and retirement plans.

Organizational Environment

The sum of internal and external factors that affect an organization's operation, including economic, technological, social, and political influences.