QUESTION 15 1. Individuals or groups who are affected by or can influence an org
ID: 355407 • Letter: Q
Question
QUESTION 15 1. Individuals or groups who are affected by or can influence an organization's operations are called shareholders. C stakeholders C organizational constituencies C None of the above. QUESTION 16 Many companies limit the number of board memberships their own board members may hold. 1. True False 1 points QUESTION 17 Objectives are specific, often quantified, versions of goals. 1. True False 1 points QUESTION 18 1 Offehorina rafore to raloesting come or all ofa firm'e manufacturing or othor hueiExplanation / Answer
PLEASE FIND BELOW ANSWERS TO FIRST 5 QUESTIONS :
Answer to Q,15:
Individuals and groups who have interest in operation of a company are called Stakeholders. Stakeholders can be either internal or external. Internal stakeholders are the employees. External stakeholders can be customers, shareholders , interest groups etc.
Therefore, individuals or groups who are affected by or can influence an organization’s decisions are called “Stakeholders”
ANSWER : STAKEHOLDERS
Answer to Q16 :
Nowadays , mostly on basis of statutes promulgated by Security exchange board of the respective country it restricts maximum number of board members chosen internally. Balance of the board members are chosen from outside who are called Independent directors.
Therefore it is “TRUE” that nowadays many companies limit the number of board membership their board members may hold.
ANSWER : TRUE
Answer to Q.17 :
Organization goals are macro level targets which are further simplified into number of strategic objectives which in many cases are quantifies. Accordingly , strategic objectives are further cascaded down to Action plans.
Therefore it is “TRUE” that Objectives are specific , often quantified versions of goals
ANSWER : TRUE
Answer to Q.18 :
Offshoring is The moving of various operations of a company to another country for reasons such as lower labor costs or more favorable economic conditions in that other country.
Therefore , answer to Q18 is “TRUE”
ANSWER : TRUE
Answer to Q.19 :
While outsourcing of certain processes of a company is done to gain benefits financially or otherwise, there are often hidden costs associated with such decisions which are noticed at later stage after the outsourcing process has been completed. This may adversely change the cost benefit analysis and may prove the original outsourcing decision wrong.
There are certain CRITICAL activities which are essential to be controlled internally as it greatly affect quality of the product/services being offered. Such critical activities should not be outsourced.
It is also true that once an activity is outsourced the firm loses administrative control on the process which sometimes may result in overall failure of system.
Therefore , correct answer to Q.19 will be “ All of the above “
OUTSOURCING EFFORTS CAN FAIL BECAUSE : ALL OF THE ABOVE
ANSWER : STAKEHOLDERS
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