In Today's World,there Continue to Be Differing Views on the Purpose

question 10

Multiple Choice

In today's world,there continue to be differing views on the purpose of business in society.Of the following views,which is most like Mary Parker Follett's belief about organizations?

• A)A business organization should exist to make a profit for the shareholders
• B)A business organization should exist to bring together resources in order to address social and environmental challenges
• C)A business organization should exist to enable people to reach their potential as citizens and community members
• D)None of the above

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Definitions:

Present Value

The present worth of a future amount of money or series of cash flow at a given return rate.

Payable

This term refers to an amount of money that is due to be paid.

Compounded Annually

Interest on an investment that is calculated once a year, where the interest earned each year is added to the principal.

Loan Principal

The initial amount of money borrowed in a loan, excluding interest and other charges.