Which One of the Following Is the Best Example of an Organizational

question 10

Multiple Choice

Which one of the following is the best example of an organizational goal?

• A)Ensuring that costs exceed benefits.
• B)Maximizing shareholder value.
• C)Paying significant dividends.
• D)Launching a new product that is known to have potential defects.

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Definitions:

Price-Elastic Demand

Describes a situation where the quantity demanded of a good or service significantly changes in response to changes in its price.

Community College

A public institution providing higher education and lower-level tertiary education, granting certificates, diplomas, and associate degrees.

Price Discrimination

The strategy of selling the same product to different customers at different prices based on their willingness to pay, not differences in production costs.

Fourth of July

A national holiday in the United States commemorating the adoption of the Declaration of Independence on July 4, 1776.