Asked by Madyson Mulkey on Apr 24, 2024
Verified
The management challenge in contemporary organizations is best summarized in which of the following statements?
A) Managers must simultaneously maintain high-performance standards as well as ethical and socially responsible operations.
B) Every manager must strive to achieve organizational goals even if it compromises his/her values.
C) Economic performance is the most important objective that managers must achieve.
D) Maintaining ethical standards and promoting social responsibility are the most important objectives managers must achieve.
E) Management in today's business environment should be approached in essentially the same way that it was in the past.
Ethical Standards
Principles that guide behavior by outlining what is considered right, wrong, good, or bad in a societal or organizational context.
Socially Responsible Operations
Practices and strategies that businesses employ to ensure their operations are ethical, sustainable, and beneficial to society as a whole.
High-Performance Standards
Criteria or benchmarks set by an organization to define expected outcomes and performances at an exceptional level.
- Recognize the role of ethics and social responsibility in contemporary organizational management.
Verified Answer
Learning Objectives
- Recognize the role of ethics and social responsibility in contemporary organizational management.
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