There Are Many Aspects of a Company That Managers Should

question 84

Multiple Choice

There are many aspects of a company that managers should focus on.Which of the following sets most completely describes key success factors for managers in terms of delivering performance to customers?

• A)cost and efficiency, time, quality, innovation
• B)cost and efficiency, quality, innovation
• C)cost and efficiency, shareholder value, quality, innovation
• D)cost and efficiency, management by exception, quality, innovation
• E)cost and efficiency, budgeting, quality, innovation

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Definitions:

Special-Interest Effects

The impact of policies or actions that benefit a small group at the expense of the general public, often due to lobbying or political influence.

Mohair Production

The process of producing yarn or fabric from the hair of the Angora goat.

Moral Hazard

The situation where one party is more likely to take risks because another party bears the cost of those risks.

Regulatory Capture

A situation where regulatory agencies become dominated by the industries they were created to regulate, leading to conflicts of interest.