Managers Carefully Balance the Needs and Interests of Various Stakeholders

question 91

Multiple Choice

Managers carefully balance the needs and interests of various stakeholders in setting goals and striving for effectiveness. This refers to

• A) scientific management.
• B) the stakeholder approach.
• C) organization theory.
• D) chaos theory.

Recognize and define behaviors that contribute positively to the organization beyond formal job roles.

Analyze factors that lead to employee dissatisfaction and methods to address them.

Comprehend various motivation theories and their application in workplace settings.

Identify key employee attitudes and their impact on organizational outcomes.

---

Definitions:

Weighted Average Method

An inventory costing method that calculates the cost of goods sold and ending inventory based on the average cost of all items available for sale.

By-products

By-products are secondary products derived from the manufacturing process or chemical reaction, which may have less value than the primary product but can still be profitable.

Joint Costs

are costs incurred in the production process that benefit multiple, often separable, products or project components.

Joint Costs

Costs incurred when producing multiple products in the same process, where the costs cannot be separated easily for each product.