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Each of the questions below contains a paragraph followed by alternativesummaries. Choose the option that best captures the essence of the text.In for-profit work, management has as its primary function the satisfaction of a range of stakeholders. This typically involves making a profit (for the shareholders), creating valued products at a reasonable cost (for customers), and providing rewarding employment opportunities (for employees). In nonprofit management, add the importance of keeping the faith of donors. In most models of management/governance, shareholders vote for the board of directors, and the board then hires senior management. Some organizations have experimented with other methods (such as employee-voting models) of selecting or reviewing managers; but this occurs only very rarely. In countries constituted as representative democracies, voters elect politicians to public office. Such politicians hire many managers and administrators, and in some countries like the United States political appointees lose their jobs on the election of a new President/Governor/Mayor. Some 2500 people serve at the pleasure of the United States Chief Executive, including all of the top US government executives.1. The United States is a perfect example of a representative democracy in which people vote for politicians to enter public office. They then hire managers who may lose their jobs after the next election if someone else is elected to power.2. Non-profit management is considerably tougher than for-profit management since it also has to consider donors along with other stakeholders. In public office however senior management is bound to change as it is appointed by elected politicians.3. For-profit management has to generate a profit for shareholders, create valuable products and services for customers and develop opportunities for employees. Politicians in public office however can appoint or dismiss any government executive after they are elected. This is the case in several representative democracies like the USA.4. Management in for-profit work has to satisfy shareholders, customers and employees. Non-profit management has to consider donors too. In most models, shareholders vote for directors who hire senior management. In representative democracies people elect politicians, who then hire managers who may be dependent on elections.Correct answer is '4'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Each of the questions below contains a paragraph followed by alternativesummaries. Choose the option that best captures the essence of the text.In for-profit work, management has as its primary function the satisfaction of a range of stakeholders. This typically involves making a profit (for the shareholders), creating valued products at a reasonable cost (for customers), and providing rewarding employment opportunities (for employees). In nonprofit management, add the importance of keeping the faith of donors. In most models of management/governance, shareholders vote for the board of directors, and the board then hires senior management. Some organizations have experimented with other methods (such as employee-voting models) of selecting or reviewing managers; but this occurs only very rarely. In countries constituted as representative democracies, voters elect politicians to public office. Such politicians hire many managers and administrators, and in some countries like the United States political appointees lose their jobs on the election of a new President/Governor/Mayor. Some 2500 people serve at the pleasure of the United States Chief Executive, including all of the top US government executives.1. The United States is a perfect example of a representative democracy in which people vote for politicians to enter public office. They then hire managers who may lose their jobs after the next election if someone else is elected to power.2. Non-profit management is considerably tougher than for-profit management since it also has to consider donors along with other stakeholders. In public office however senior management is bound to change as it is appointed by elected politicians.3. For-profit management has to generate a profit for shareholders, create valuable products and services for customers and develop opportunities for employees. Politicians in public office however can appoint or dismiss any government executive after they are elected. This is the case in several representative democracies like the USA.4. Management in for-profit work has to satisfy shareholders, customers and employees. Non-profit management has to consider donors too. In most models, shareholders vote for directors who hire senior management. In representative democracies people elect politicians, who then hire managers who may be dependent on elections.Correct answer is '4'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Each of the questions below contains a paragraph followed by alternativesummaries. Choose the option that best captures the essence of the text.In for-profit work, management has as its primary function the satisfaction of a range of stakeholders. This typically involves making a profit (for the shareholders), creating valued products at a reasonable cost (for customers), and providing rewarding employment opportunities (for employees). In nonprofit management, add the importance of keeping the faith of donors. In most models of management/governance, shareholders vote for the board of directors, and the board then hires senior management. Some organizations have experimented with other methods (such as employee-voting models) of selecting or reviewing managers; but this occurs only very rarely. In countries constituted as representative democracies, voters elect politicians to public office. Such politicians hire many managers and administrators, and in some countries like the United States political appointees lose their jobs on the election of a new President/Governor/Mayor. Some 2500 people serve at the pleasure of the United States Chief Executive, including all of the top US government executives.1. The United States is a perfect example of a representative democracy in which people vote for politicians to enter public office. They then hire managers who may lose their jobs after the next election if someone else is elected to power.2. Non-profit management is considerably tougher than for-profit management since it also has to consider donors along with other stakeholders. In public office however senior management is bound to change as it is appointed by elected politicians.3. For-profit management has to generate a profit for shareholders, create valuable products and services for customers and develop opportunities for employees. Politicians in public office however can appoint or dismiss any government executive after they are elected. This is the case in several representative democracies like the USA.4. Management in for-profit work has to satisfy shareholders, customers and employees. Non-profit management has to consider donors too. In most models, shareholders vote for directors who hire senior management. In representative democracies people elect politicians, who then hire managers who may be dependent on elections.Correct answer is '4'. Can you explain this answer?.

Solutions for Each of the questions below contains a paragraph followed by alternativesummaries. Choose the option that best captures the essence of the text.In for-profit work, management has as its primary function the satisfaction of a range of stakeholders. This typically involves making a profit (for the shareholders), creating valued products at a reasonable cost (for customers), and providing rewarding employment opportunities (for employees). In nonprofit management, add the importance of keeping the faith of donors. In most models of management/governance, shareholders vote for the board of directors, and the board then hires senior management. Some organizations have experimented with other methods (such as employee-voting models) of selecting or reviewing managers; but this occurs only very rarely. In countries constituted as representative democracies, voters elect politicians to public office. Such politicians hire many managers and administrators, and in some countries like the United States political appointees lose their jobs on the election of a new President/Governor/Mayor. Some 2500 people serve at the pleasure of the United States Chief Executive, including all of the top US government executives.1. The United States is a perfect example of a representative democracy in which people vote for politicians to enter public office. They then hire managers who may lose their jobs after the next election if someone else is elected to power.2. Non-profit management is considerably tougher than for-profit management since it also has to consider donors along with other stakeholders. In public office however senior management is bound to change as it is appointed by elected politicians.3. For-profit management has to generate a profit for shareholders, create valuable products and services for customers and develop opportunities for employees. Politicians in public office however can appoint or dismiss any government executive after they are elected. This is the case in several representative democracies like the USA.4. Management in for-profit work has to satisfy shareholders, customers and employees. Non-profit management has to consider donors too. In most models, shareholders vote for directors who hire senior management. In representative democracies people elect politicians, who then hire managers who may be dependent on elections.Correct answer is '4'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT. Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free.

Here you can find the meaning of Each of the questions below contains a paragraph followed by alternativesummaries. Choose the option that best captures the essence of the text.In for-profit work, management has as its primary function the satisfaction of a range of stakeholders. This typically involves making a profit (for the shareholders), creating valued products at a reasonable cost (for customers), and providing rewarding employment opportunities (for employees). In nonprofit management, add the importance of keeping the faith of donors. In most models of management/governance, shareholders vote for the board of directors, and the board then hires senior management. Some organizations have experimented with other methods (such as employee-voting models) of selecting or reviewing managers; but this occurs only very rarely. In countries constituted as representative democracies, voters elect politicians to public office. Such politicians hire many managers and administrators, and in some countries like the United States political appointees lose their jobs on the election of a new President/Governor/Mayor. Some 2500 people serve at the pleasure of the United States Chief Executive, including all of the top US government executives.1. The United States is a perfect example of a representative democracy in which people vote for politicians to enter public office. They then hire managers who may lose their jobs after the next election if someone else is elected to power.2. Non-profit management is considerably tougher than for-profit management since it also has to consider donors along with other stakeholders. In public office however senior management is bound to change as it is appointed by elected politicians.3. For-profit management has to generate a profit for shareholders, create valuable products and services for customers and develop opportunities for employees. Politicians in public office however can appoint or dismiss any government executive after they are elected. This is the case in several representative democracies like the USA.4. Management in for-profit work has to satisfy shareholders, customers and employees. Non-profit management has to consider donors too. In most models, shareholders vote for directors who hire senior management. In representative democracies people elect politicians, who then hire managers who may be dependent on elections.Correct answer is '4'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Each of the questions below contains a paragraph followed by alternativesummaries. Choose the option that best captures the essence of the text.In for-profit work, management has as its primary function the satisfaction of a range of stakeholders. This typically involves making a profit (for the shareholders), creating valued products at a reasonable cost (for customers), and providing rewarding employment opportunities (for employees). In nonprofit management, add the importance of keeping the faith of donors. In most models of management/governance, shareholders vote for the board of directors, and the board then hires senior management. Some organizations have experimented with other methods (such as employee-voting models) of selecting or reviewing managers; but this occurs only very rarely. In countries constituted as representative democracies, voters elect politicians to public office. Such politicians hire many managers and administrators, and in some countries like the United States political appointees lose their jobs on the election of a new President/Governor/Mayor. Some 2500 people serve at the pleasure of the United States Chief Executive, including all of the top US government executives.1. The United States is a perfect example of a representative democracy in which people vote for politicians to enter public office. They then hire managers who may lose their jobs after the next election if someone else is elected to power.2. Non-profit management is considerably tougher than for-profit management since it also has to consider donors along with other stakeholders. In public office however senior management is bound to change as it is appointed by elected politicians.3. For-profit management has to generate a profit for shareholders, create valuable products and services for customers and develop opportunities for employees. Politicians in public office however can appoint or dismiss any government executive after they are elected. This is the case in several representative democracies like the USA.4. Management in for-profit work has to satisfy shareholders, customers and employees. Non-profit management has to consider donors too. In most models, shareholders vote for directors who hire senior management. In representative democracies people elect politicians, who then hire managers who may be dependent on elections.Correct answer is '4'. Can you explain this answer?, a detailed solution for Each of the questions below contains a paragraph followed by alternativesummaries. Choose the option that best captures the essence of the text.In for-profit work, management has as its primary function the satisfaction of a range of stakeholders. This typically involves making a profit (for the shareholders), creating valued products at a reasonable cost (for customers), and providing rewarding employment opportunities (for employees). In nonprofit management, add the importance of keeping the faith of donors. In most models of management/governance, shareholders vote for the board of directors, and the board then hires senior management. Some organizations have experimented with other methods (such as employee-voting models) of selecting or reviewing managers; but this occurs only very rarely. In countries constituted as representative democracies, voters elect politicians to public office. Such politicians hire many managers and administrators, and in some countries like the United States political appointees lose their jobs on the election of a new President/Governor/Mayor. Some 2500 people serve at the pleasure of the United States Chief Executive, including all of the top US government executives.1. The United States is a perfect example of a representative democracy in which people vote for politicians to enter public office. They then hire managers who may lose their jobs after the next election if someone else is elected to power.2. Non-profit management is considerably tougher than for-profit management since it also has to consider donors along with other stakeholders. In public office however senior management is bound to change as it is appointed by elected politicians.3. For-profit management has to generate a profit for shareholders, create valuable products and services for customers and develop opportunities for employees. Politicians in public office however can appoint or dismiss any government executive after they are elected. This is the case in several representative democracies like the USA.4. Management in for-profit work has to satisfy shareholders, customers and employees. Non-profit management has to consider donors too. In most models, shareholders vote for directors who hire senior management. In representative democracies people elect politicians, who then hire managers who may be dependent on elections.Correct answer is '4'. Can you explain this answer? has been provided alongside types of Each of the questions below contains a paragraph followed by alternativesummaries. Choose the option that best captures the essence of the text.In for-profit work, management has as its primary function the satisfaction of a range of stakeholders. This typically involves making a profit (for the shareholders), creating valued products at a reasonable cost (for customers), and providing rewarding employment opportunities (for employees). In nonprofit management, add the importance of keeping the faith of donors. In most models of management/governance, shareholders vote for the board of directors, and the board then hires senior management. Some organizations have experimented with other methods (such as employee-voting models) of selecting or reviewing managers; but this occurs only very rarely. In countries constituted as representative democracies, voters elect politicians to public office. Such politicians hire many managers and administrators, and in some countries like the United States political appointees lose their jobs on the election of a new President/Governor/Mayor. Some 2500 people serve at the pleasure of the United States Chief Executive, including all of the top US government executives.1. The United States is a perfect example of a representative democracy in which people vote for politicians to enter public office. They then hire managers who may lose their jobs after the next election if someone else is elected to power.2. Non-profit management is considerably tougher than for-profit management since it also has to consider donors along with other stakeholders. In public office however senior management is bound to change as it is appointed by elected politicians.3. For-profit management has to generate a profit for shareholders, create valuable products and services for customers and develop opportunities for employees. Politicians in public office however can appoint or dismiss any government executive after they are elected. This is the case in several representative democracies like the USA.4. Management in for-profit work has to satisfy shareholders, customers and employees. Non-profit management has to consider donors too. In most models, shareholders vote for directors who hire senior management. In representative democracies people elect politicians, who then hire managers who may be dependent on elections.Correct answer is '4'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Each of the questions below contains a paragraph followed by alternativesummaries. Choose the option that best captures the essence of the text.In for-profit work, management has as its primary function the satisfaction of a range of stakeholders. This typically involves making a profit (for the shareholders), creating valued products at a reasonable cost (for customers), and providing rewarding employment opportunities (for employees). In nonprofit management, add the importance of keeping the faith of donors. In most models of management/governance, shareholders vote for the board of directors, and the board then hires senior management. Some organizations have experimented with other methods (such as employee-voting models) of selecting or reviewing managers; but this occurs only very rarely. In countries constituted as representative democracies, voters elect politicians to public office. Such politicians hire many managers and administrators, and in some countries like the United States political appointees lose their jobs on the election of a new President/Governor/Mayor. Some 2500 people serve at the pleasure of the United States Chief Executive, including all of the top US government executives.1. The United States is a perfect example of a representative democracy in which people vote for politicians to enter public office. They then hire managers who may lose their jobs after the next election if someone else is elected to power.2. Non-profit management is considerably tougher than for-profit management since it also has to consider donors along with other stakeholders. In public office however senior management is bound to change as it is appointed by elected politicians.3. For-profit management has to generate a profit for shareholders, create valuable products and services for customers and develop opportunities for employees. Politicians in public office however can appoint or dismiss any government executive after they are elected. This is the case in several representative democracies like the USA.4. Management in for-profit work has to satisfy shareholders, customers and employees. Non-profit management has to consider donors too. In most models, shareholders vote for directors who hire senior management. In representative democracies people elect politicians, who then hire managers who may be dependent on elections.Correct answer is '4'. Can you explain this answer? tests, examples and also practice CAT tests.