Which Theory Is Based on Ideas from the Natural Sciences

question 12

Multiple Choice

Which theory is based on ideas from the natural sciences?

• A)Theory X/Theory Y
• B)Sociotechnical systems theory
• C)Open systems theory
• D)Bureaucracy theory

Analyze consumer behavior and decision-making processes in product selection.

Recognize the different types of support products in business and their purposes.

Understand the role of industrial services in supporting business operations.

Identify the methods of promoting unsought products to increase consumer awareness.

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Definitions:

Decision Making

The method of selecting options through recognizing a decision, collecting data, and evaluating different solutions.

Net Benefits

The total positive effects or gains from a decision or action minus any negative effects or costs associated with it.

Prospect Theory

A behavioral economics theory of preferences having three main features: (1) people evaluate options on the basis of whether they generate gains or losses relative to the status quo; (2) gains are subject to diminishing marginal utility, while losses are subject to diminishing marginal disutility; and (3) people are prone to loss aversion.

Salary

A form of payment from an employer to an employee, which may be specified in an employment contract.