Which Philosophy of U

question 5

Multiple Choice

Which philosophy of U.S. management recognizes that people influence the future to a large extent and that they control their own fates?

• A) Independent enterprise as the instrument of social action.
• B) Wide sharing in decision making.
• C) "Master of destiny" viewpoint.
• D) Never-ending quest for improvement.
• E) Competition produces efficiency.

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Definitions:

Organizational Environment

Encompasses all external and internal factors that influence the operations, culture, and performance of an organization.

Competitive Position

Describes an organization's relative standing in its industry or market, based on factors like market share, quality of products, and brand reputation.

Resource Allocation

The process of assigning and managing assets in a manner that supports an organization's strategic goals.

Goal Development

The process of identifying, setting, and planning how to achieve objectives.