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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

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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.

This problem has been solved

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