The Principles of Effective Management and Coordination in Business Quiz

When employees work towards the goals of other businesses

When employees work individually to achieve the goals of the business

When employees work towards their own personal goals

When employees work together to achieve the goals of the business (correct)

It increases the cost of production

It decreases the amount of goods and services produced

It is not necessary for producing goods and services

It ensures the greatest amount of goods and services can be produced efficiently (correct)

Businesses must meet the needs of all stakeholders in general (correct)

Businesses have no responsibility to meet stakeholders' needs

Businesses should prioritize meeting the needs of consumers only

Businesses only need to meet the needs of individuals