If Managers Do Not Pursue the Goal of Maximizing Shareholder

question 77

Multiple Choice

If managers do not pursue the goal of maximizing shareholder wealth

• A) they concentrate on more important matters like growing market share.
• B) they can focus more on social responsibilities.
• C) they are likely to lose their jobs.
• D) they can focus more on long-term profitability.

Identify the key responsibilities and concerns of human factors psychology versus organizational psychology.

Understand the relationship between job satisfaction, work-life balance, and overall life satisfaction.

Recognize leadership styles and their impact on group success and organizational culture.

Acknowledge the significance of personnel psychology and its relationship with industrial-organizational psychology.

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Definitions:

Cultural Distance

is the measure of how different one culture is from another, which can affect international business operations, communication, and negotiation.

Acquisitions

The act of obtaining or taking possession of something, often referring to a company's purchase of another company.

Individualistic Culture

Characterizes societies that prioritize the needs and goals of the individual over those of the group, often associated with personal independence, self-expression, and a lower degree of social connection.

Collective Culture

A cultural orientation emphasizing communal relationships, social cohesion, and the prioritization of group over individual goals.