Question

Which of the following are generally considered overall objectives of an organization?

I. Providing good customer service.

II. Maintaining low levels of inventory investment.

III. Optimizing use of resources.

IV. Providing sufficient return on investment.

A. I and III only
B. II and IV only
C. I, III, and IV only
D. II, III, and IV only

Answer 1

The overall objectives of an organization typically include providing good customer service, optimizing the use of resources, and ensuring adequate return on investment.

Step-by-step explanation:

The overall objectives of an organization are multifaceted and can be quite comprehensive. Generally, these objectives include providing good customer service, optimizing the use of resources, and providing sufficient return on investment. While maintaining low levels of inventory investment can be a specific strategy within resource optimization, it may not always be an overarching goal when considering other factors that can influence inventory levels, such as demand forecasting, product lifecycle, and the nature of the industry.

Thus, considering the options given, the correct answer would include the objectives of providing good customer service (I), optimizing the use of resources (III), and providing sufficient return on investment (IV). This corresponds to Option C: I, III, and IV only.