A Independent enterprise as the instrument of social action B Wide sharing in

A independent enterprise as the instrument of social

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A. Independent enterprise as the instrument of social action.
B. Wide sharing in decision making. C. "Master of destiny" viewpoint. D. Never-ending quest for improvement. E. Competition produces efficiency. "Master of destiny" viewpoint. There is a very strong belief in the United States that business decisions must be supported and based on accurate and relevant information. Which of the following best describes this approach? A. "Master of destiny" viewpoint B. Independent enterprise as the instrument of social action C. Objective analysis D. Wide sharing in decision making E. Never-ending quest for improvement Objective analysis Which of the following is consistent with the American view of the independent enterprise? A. A corporation should fall under the control of the state government. B. A corporation is an entity that has rules and continuity of existence. C. The largest proportion of a corporation's profits must go to social causes. D. A company should be equally owned by all employees and stakeholders. E. Corporations do not take precedence over family and social relationships. A corporation is an entity that has rules and continuity of existence.
The recognition of U.S. corporations as entities that have rules and continuity of existence and are separate, vital social institutions can result in: A. feelings of obligation among employees to serve the company. B. scientific decision making by employees and managers. C. superstitious beliefs playing a role in decision making. D. decision making being limited to upper management. E. a collectivist identity among employees. feelings of obligation among employees to serve the company. Adam Smith in his Wealth of Nations stated, "By pursuing his own interest he frequently promotes that of the society more effectually than when he really intended to promote it." What behavior does this notion attempt to justify? A. Collectivism B. Loyalty C. Greed D. Competitiveness E. Cooperation Competitiveness The notion that _____ is crucial for efficiency, improvement, and regeneration is fundamental to Western management practices. A. greed B. collectivism
C. centralization D. competition E. hierarchy competition In _____ decision making, participation by middle management tends to be deemphasized. A. democratic B. decentralized C. decentralized committee D. non-hierarchical E. top-level management top-level management As businesses grow and professional management develops, there is a shift toward: A. centralized group decision making. B. decentralized management decision making. C. centralized decision making. D. top-level management decision making. E. experimental decision making. decentralized management decision making. A characteristic of committee decision making is that it is: A. found in small businesses.

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