Aligning Individual and Group Tasks with Those of the Firm

question 5

Multiple Choice

Aligning individual and group tasks with those of the firm and aligning incentives so that individuals and groups will consistently work in the same direction is known as:

• A)Coordination
• B)Agency control
• C)Accountability
• D)Dimensional alignment
• E)Unitary functional alignment

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Definitions:

Corporate Board Meetings

Formal gatherings of the board of directors of a corporation to make decisions and discuss the strategic direction of the company.

Corporate Social Responsibility

The practice of businesses engaging in initiatives that benefit society, aiming to contribute positively to the environment, communities, and stakeholders.

Social Responsibility Strategies

Practices and policies initiated by a company to benefit society and operate sustainably beyond its profit-making interests.

Consumer Protection Agency

A governmental organization designed to protect consumers' rights and ensure fairness in the marketplace.