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:

Sales Increase

A rise in the volume or value of products or services sold by a business over a specific period.

Margin of Safety

The difference between actual or projected sales and the sales break-even point, indicating risk level.

Dollars

The basic monetary unit used in the United States, symbolized as $, representing the currency.

Contribution Format

A type of income statement presentation that separates fixed costs from variable costs, helping to understand the profitability of a company.