Recently,many Organizations Have Added __________ to Their Mission Statements

question 1

Multiple Choice

Recently,many organizations have added __________ to their mission statements.

• A) a business definition
• B) a social element to reflect what is morally right and worthwhile
• C) an economic element to promote profit maximization
• D) an expanded definition of stakeholders to include its competitors
• E) their level of pricing and product quality.

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Definitions:

Profit

The financial gain achieved when the revenue generated from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

Constraints

Limitations or restrictions in a process, system, or project that can impact performance, timing, or results.

Locomotive Works

Industrial facilities specialized in the construction and maintenance of locomotives and other railway rolling stock.

Labour Hours

measures the amount of work performed by employees, typically expressed in hours, and is often used to track productivity or allocate labor costs.