Good governance signifies improved ____________of the company in the society.a.reputationb.profitabilityc.relationsd.efficiency
Question
Good governance signifies improved ____________ of the company in the society.
a. reputation
b. profitability
c. relations
d. efficiency
Solution
To answer the question, we need to understand what "good governance" typically signifies in the context of a company. Good governance refers to the processes and structures that guide and control an organization, ensuring accountability, fairness, and transparency in its operations.
Among the options given:
a. Reputation - This is indeed enhanced through good governance, as it builds trust and a positive image with stakeholders and the public.
b. Profitability - While good governance can lead to better decision-making and potentially increased profitability, it is not directly implied.
c. Relations - Good governance can improve relations, particularly with stakeholders; however, it is not the most accurate term in this context.
d. Efficiency - Good governance can lead to more efficient operations, but this option focuses more on operational performance.
Final Answer: The best fit in this context is a. reputation. Good governance signifies improved reputation of the company in society.
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