Management is, in effect, the catalyst that is essential for converting the resources and raw material inputs of the operation into valued outputs and, in the process, ensuring that stakeholder needs are satisfied. Managers represent the critical factor, which economists refer to as enterprise, without which the other factors (land, labor and capital) cannot function. Managers are effectively the custodians of the organizations resource, responsible for deciding what the resources should be used for, how best to use them, and to which customers the outputs should be targeted.
Question: Stakeholder needs are best served through the creation of valued outputs.
Options:
A. true
B. false
C. uncertain
Answer: C