The Primary Objective of Most Private Firms Is To

question 90

Multiple Choice

The primary objective of most private firms is to:

• A)maximize revenue.
• B)maximize profit.
• C)minimize cost.
• D)maximize output.

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Definitions:

Organizational Chart

A diagram that shows the structure of an organization and the relationships and relative ranks of its parts and positions/jobs.

Formal Communication Network

An organized system of channels and pathways for the exchange of information within an organization following official protocols.

Organizational Charts

Diagrams that depict the structure of an organization, including the relationships and relative ranks of its parts and positions/jobs.

Horizontal Communication

The exchange of information, ideas, and messages between individuals or groups at the same level in an organization.