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.

Identify various team decision techniques and their applications.

Analyze communication networks and decision-making methods in group contexts.

Understand the principles and legal framework of Alternative Dispute Resolution (ADR) including arbitration and mediation.

Recognize the advantages and disadvantages of ADR over traditional litigation.

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Definitions:

Utility Maximization

The economic principle that individuals seek to obtain the greatest possible satisfaction from their consumption choices, given their income and prices.

Marginal Utility Per Dollar

A measure of the additional satisfaction gained from spending one more dollar on a good or service.

Consumer Equilibrium

The state where the allocation of goods and services aligns with consumer preferences, and the marginal utility per dollar spent is equalized across all goods.

Giffin Good

A type of good for which demand increases as the price increases, contrary to the basic laws of demand in economics.