Stakeholder Theory Pushes Managers to Be Clear About How They

question 58

Multiple Choice

Stakeholder theory pushes managers to be clear about how they want to do business, so it encourages:

• A) recognition of and transparency with values and underlying principles.
• B) discussion of profit center margins.
• C) strategy development from the top down.
• D) B and C.

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Definitions:

Brainstorming

Involves generating ideas through “free-wheeling” and without criticism.

Freewheeling

Freewheeling is engaging in spontaneous, unstructured, and unrestricted behavior or thought, often allowing creativity and ideas to flow without limitation.

Majority Rule

A decision-making process where the option that receives more than half of the votes wins.

Co-acting Team Pattern

A team configuration where members work independently towards a common goal but their tasks do not require constant interaction among them.