CMA Foundation · Fundamentals of Business Economics and Management · Introduction to Management
Which of the following is classified as a SOCIAL objective of management rather than an organisational or personal objective?
Providing quality products at fair prices and creating employment in the community is a social objective. It focuses on benefit to society. Profit and market share are organisational objectives, while wages and career growth for employees are personal objectives.
- AEarning sufficient profit to survive and grow
- BProviding quality products at fair prices and creating employment in the communityCorrect
- COffering employees good wages and career growth
- DIncreasing the firm's market share
Explanation
Social objectives concern benefits to society such as quality goods at fair prices and employment generation. Profit and market share are organisational objectives, while wages and career growth are personal objectives of employees.
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