One of the Most Significant Principles of Business Is That

question 3

Multiple Choice

One of the most significant principles of business is that the primary objective of the executive management of a corporate entity is to engage in strategic actions that increase shareholder value.
If we think of this objective in terms of the four dimensions of social responsibility, it would be part of the

• A) Philanthropic dimension
• B) Ethical dimension
• C) Legal dimension
• D) Economic dimension
• E) Marketing dimension

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Definitions:

Internal Perspective

Focuses on examining internal attributes, motives, and processes that influence an individual's behavior and decisions.

Organizational Success

The achievement of the goals and objectives set by an organization, which can include profitability, market share expansion, employee satisfaction, and innovation.

Transformation

A comprehensive change in the behavior, structure, or operations of an organization or individual, often leading to significant improvement or development.

Stakeholders

Individuals or groups that have an interest or stake in the outcome of a project, business, or endeavor, and whose actions can affect or be affected by the organization's activities.