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:

Jean Piaget

A Swiss psychologist known for his pioneering work in child development, particularly his theory of cognitive development stages.

Successive Changes

A process involving a series of modifications, adjustments, or developments that follow one after the other in a particular order or sequence.

Continuous Development

Continuous development refers to a progression where improvements or growth occur gradually and steadily over time without sudden leaps or stages.

Gratification

The satisfaction or pleasure felt when a need or desire is fulfilled.