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.

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Definitions:

Contributory Negligence

A legal principle where the plaintiff's own negligence plays a role in the harm suffered, potentially reducing the compensation they can receive.

Statement of Defence

A formal document filed by the defendant in a lawsuit detailing their defenses or objections to the claims made in the statement of claim.

General Partner

In a partnership, a member who has unlimited liability for the debts of the business and takes part in its management.

Limited Partner

An investor in a partnership who has limited liability to the extent of their investment and does not take part in the day-to-day management of the business.