How Does the Text Define "Well-Managed Organization

question 19

Multiple Choice

How does the text define "well-managed organization"?

• A) a community of people on a common mission to be effective, efficient, and ethical
• B) a community of people seeking a common goal in the marketplace
• C) an efficient hierarchy of managers and employees operating under conditions of discipline and trust
• D) a community of employees and managers working together to provide a net benefit to society

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Definitions:

Wage Earning

The act of receiving a regular payment in exchange for labor or services provided on an hourly, daily, or piecework basis.

Mechanized Cotton Mill

refers to a factory where cotton is processed and spun into thread or yarn using machinery, a development crucial to the Industrial Revolution.

Successful Employees

Individuals who achieve their goals and contribute positively to their organization's objectives, often demonstrating skills like teamwork, leadership, and problem-solving.

Mill Skills

The abilities and knowledge required to operate machinery in mills that process materials such as textiles, lumber, or metals.