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Business Organizations and Stakeholders Quiz
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Business Organizations and Stakeholders Quiz

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@HonoredCharoite

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Questions and Answers

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?

  • 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?

  • High effort (correct)
  • Minimal effort
  • Moderate effort
  • No effort

    • Which of the following is NOT a key feature of an organization?

    <p>Creation of a product or service</p> Signup and view all the answers

    Where are public sector organizations typically found?

    <p>Schools</p> Signup and view all the answers

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