Managers Who Have Successfully Increased the Value of the Organization

question 67

Multiple Choice

Managers who have successfully increased the value of the organization have fulfilled their social obligation towards ________.

• A)stockholders
• B)consumers
• C)government agencies
• D)employees and unions
• E)banks and other lenders

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Definitions:

Building Corporation

A company engaged in the construction of buildings, ranging from residential to commercial projects.

Business Judgment Rule

A principle that protects corporate directors and officers from liability for decisions made in good faith and believed to be in the best interest of the company.

Takeover Attempt

An effort by one company or entity to acquire control over another, often involving the purchase of a significant share of the target company's stock.

Liquidation Process

The process of closing a business, selling its assets, and using the proceeds to pay off its debts, with any remaining funds distributed among shareholders.