Which of the Following Best Describes the Managerial View on the Purpose

question 43

Multiple Choice

 Which of the following best describes the managerial view on the purpose of business?

• A) A business framework where the job of top managers is to produce the highest possible stock market valuation of the firm's assets
• B) A business framework that attempts to organize and analyze multiple groups that interact with the firm
• C) A business framework where organizational structure is based on fit between the organization and various aspects in its environment
• D) A business framework where the firm is seen as a mechanism for converting raw materials into products to sell to customers

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Definitions:

Liabilities

Financial obligations or debts that a company owes to outside parties, which must be settled over time through the transfer of economic benefits.

Office Equipment

Durable assets used in an office setting for daily operations, such as computers, printers, and furniture.