According to Drucker, Which of the Following Statements Is an Example

question 55

Multiple Choice

According to Drucker, which of the following statements is an example of an organizational objective related to productivity?

• A) to reduce overall inventory management costs by 15 percent
• B) to increase the use of environmentally friendly workplace practices
• C) to lower the rate of attrition in the organization within the next 6 months
• D) to increase the unit's monthly output by 10 percent within the next 12 months
• E) to reduce total overhead costs by 5 percent by the end of the year

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Definitions:

Accommodation Maker

An individual who signs a loan document as a guarantor without receiving any of the loan proceeds, promising to pay the debt if the principal borrower fails to do so.

Primarily Liable

Being directly and foremost responsible for a legal obligation or debt.

Promissory Note

A financial instrument that contains a written promise by one party to pay another a definite sum of money, either on demand or at a specified future date.

Forged Indorsement

An unauthorized signature on a negotiable instrument, such as a check, meant to transfer the instrument’s ownership.