Under a Shareholder Model, Managers' Primary Obligation Is to Act

question 101

Multiple Choice

Under a shareholder model, managers' primary obligation is to act in the best interests of:

• A) Themselves
• B) The shareholders or owners
• C) Society
• D) Customers

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Definitions:

HR Planning

The strategic alignment of an organization's human resource capabilities with its business goals, including recruitment, training, and workforce management.

Outsourcing

The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees and staff.

Privacy, Ethics, and Culture

The interplay between maintaining individual privacy, adhering to ethical standards, and respecting cultural norms within a society or organization.

Operational Automation

The use of technology to perform tasks and processes in a business operation without human intervention, improving efficiency and accuracy.