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Questions and Answers
What is the primary objective of profit organizations?
What is the primary objective of profit organizations?
- Minimize costs of operations
- Maximize profit (correct)
- Maximize the output of goods or services
- Minimize the burden on taxpayers
How are the interests of customers and shareholders often perceived?
How are the interests of customers and shareholders often perceived?
- Only relevant in non-profit organizations
- Aligned with each other in all aspects
- Irrelevant to the success of the organization
- In conflict, for example in the quality of goods and services (correct)
According to Mendelow’s matrix, how are stakeholders categorized if a company aims to explain the rationale behind its actions with minimal effort?
According to Mendelow’s matrix, how are stakeholders categorized if a company aims to explain the rationale behind its actions with minimal effort?
- High effort (correct)
- Minimal effort
- Moderate effort
- No effort
Which of the following is NOT a key feature of an organization?
Which of the following is NOT a key feature of an organization?
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Where are public sector organizations typically found?
Where are public sector organizations typically found?
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