The Measure of the Appropriateness of the Goals Selected by Management

question 77

Multiple Choice

The measure of the appropriateness of the goals selected by management for the organization and the degree to which the organization accomplishes these goals is known as _____.

• A) efficiency
• B) task management
• C) effectiveness
• D) diversification
• E) differentiation

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Definitions:

Davos Man

A term describing an international elite of wealthy, powerful individuals who are regular attendees of the World Economic Forum in Davos, Switzerland, often criticized for being out of touch with the broader population's concerns.

Elitist Positions

Roles or viewpoints that are considered to be at the highest level of societal hierarchy, often associated with superior status or privileges.

Global Market

A global market refers to the worldwide marketplace where goods and services are traded across national borders, allowing companies to reach customers internationally.

Multinational

A corporation that operates and invests in multiple countries outside of its home base, often demonstrating significant influence on global trade dynamics.