The Assumption That Organizations Seek to Maximize Short-Term Profits Ignores

question 32

Multiple Choice

The assumption that organizations seek to maximize short-term profits ignores:

• A) Qualitative factors
• B) Fixed costs
• C) Constrained resources
• D) Managers' desire for bonuses

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Definitions:

Knowledge-power

The concept that knowledge and power are intertwined, where the generation, control, and application of knowledge contribute to the exercise of power within societies.

Fredric Jameson

Fredric Jameson is an American literary critic and theorist, known for his analysis of contemporary cultural trends and the influence of capitalism on art and society.

Karl Marx

A 19th-century philosopher, economist, and revolutionary socialist whose works have influenced social theory and the development of the social sciences.

Capitalism

is an economic system characterized by private or corporate ownership of capital goods, by investments determined by private decision, and by prices, production, and the distribution of goods that are determined mainly in a free market.