According to the Textbook, a Major Reason to Study Management

question 15

Multiple Choice

According to the textbook, a major reason to study management is ________.

• A)all individuals have vested interest in improving organisational management
• B)managers control 90 per cent of organisational financial resources
• C)business students need awareness of the business environment
• D)the need to understand the two basic organisational environments: profit and not-for-profit
• E)it impacts the efficiency and effectiveness of personal career achievement

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Definitions:

Boards of Directors

A group of individuals elected by shareholders to oversee and guide the management and strategic direction of a corporation.

Individualism View

A perspective that emphasizes the moral worth of the individual, prioritizing personal independence and self-expression.

Ethical Behaviour

The practice of conducting oneself according to recognized moral principles and standards, often in a professional or business environment.

Society

A large group of individuals living together in a more or less ordered community, sharing customs, laws, and organizations.