Analysis of Society Is Important for All of the Following

question 45

Multiple Choice

Analysis of society is important for all of the following reasons except:

• A) Awareness of what is happening in society virtually guarantees that an organization will be able to successfully compete in its own industry
• B) Most of the other stakeholder groups are also members of society
• C) Awareness of and compliance with the attitudes of society can help an organization avoid problems associated with being a bad corporate citizen
• D) Changes in society can provide opportunities for organizations

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Definitions:

Managing Partner

The executive responsible for overseeing the operations and strategic direction of a partnership or law firm.

Office Manager

An administrative employee who manages the day-to-day operations of a firm. In larger law firms, office managers are usually called legal administrators.

Shareholders

Individuals or entities that own shares in a corporation, giving them partial ownership of the company.

Professional Corporation

A legal structure allowing licensed professionals, such as lawyers, doctors, or accountants, to form a corporation with certain tax and liability advantages.