Department Stores,such as Target Canada and Sears Canada,have Blamed Their

question 48

Multiple Choice

Department stores,such as Target Canada and Sears Canada,have blamed their recent financial problems on many factors,including poor inventory management and a weak economy. Those stores in financial difficulties have tried to solve the problem through short-term price reductions,firings and early retirements,and store closings. The CEOs of these companies have not tried to motivate employees to create long-term solutions to the problems facing them. Which statement most likely defines the CEOs of these troubled companies?

• A)The CEOs are true leaders. 
• B)The CEOs are more interested in doing the right things than in doing things right. 
• C)The CEOs tend to focus on organizational visions,missions,goals,and objectives rather than organizational efficiency and productivity. 
• D)The CEOs are more than likely managers rather than leaders.

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Definitions:

Organizational Ownership

Pertains to the rights and responsibilities of possessing an organization, including control over its operations and entitlement to its profits or losses.

Formal Documents

Official documents that follow a set format or structure and are often used for legal, official, or formal purposes.

Status Groups

Groups within society that are differentiated by characteristics such as prestige, honor, lifestyle, and education rather than by economic position alone.

Max Weber

A German sociologist, economist, and political scientist known for his ideas on social theory and the study of society, particularly regarding bureaucracy, the religion and economy connection, and social stratification.