Examlex

Solved

The Management of an Organization Follows the Ideology That If

question 44

Multiple Choice

The management of an organization follows the ideology that if they work keeping in mind the company's own economic self-interest, the total wealth of the society will be maximized. ________ is the ethical system that is used by this organization.


Definitions:

Age Division

A system of categorizing individuals or societal roles based on age, often used in traditional societies for organization and rites of passage.

Economic System

The structured way in which a society or region organizes the production, distribution, and consumption of goods and services.

Organizational Arrangement

The structured setup of roles, responsibilities, and relationships within an organization, designed to achieve specific goals.

Distributing Goods

The process of making products or commodities available to consumers or retailers in various locations.

Related Questions