If an Operation Adds Value to the Original Cost of Resource

question 214

Multiple Choice

If an operation adds value to the original cost of resource inputs, non-profit organizations ___ and business organizations ___.

• A) earn a profit; increase shareholder value
• B) benefit society; earn a profit
• C) earn a profit; promote corporate social responsibility
• D) increase shareholder value; promote corporate governance
• E) promote corporate social responsibility; increase market share

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Definitions:

Organizations

Entities comprised of individuals working together towards common objectives or goals, structured in a systematic manner.

Management By Objectives

A management model that involves setting specific objectives that are mutually agreed upon by employees and management.

Productivity

Refers to the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Planning Process

A series of steps followed to create strategies, allocate resources, and implement actions to achieve goals.