The Management Challenge in Contemporary Organizations Is Best Summarized in Which

question 139

Multiple Choice

The management challenge in contemporary organizations is best summarized in which of the following statements?

• A) Managers must simultaneously maintain high-performance standards as well as ethical and socially responsible operations.
• B) Every manager must strive to achieve organizational goals even if it compromises his/her values.
• C) Economic performance is the most important objective that managers must achieve.
• D) Maintaining ethical standards and promoting social responsibility are the most important objectives managers must achieve.
• E) Management in today's business environment should be approached in essentially the same way that it was in the past.

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Definitions:

Deregulating Banks

Deregulating Banks involves reducing the rules and regulations imposed on banks with the aim of increasing financial institutions' ability to operate freely and innovate.

Financial Institutions

Organizations that provide financial services, including banks, credit unions, insurance companies, and investment firms, to individuals and businesses.

Foreign Banks

Banking institutions that operate in a country but are headquartered or originated in another country.

Store of Value

An asset that can be saved, retrieved, and exchanged at a later time without significant loss of value.