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The Degree to Which a Company Specifies How Decisions Are

question 20

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The degree to which a company specifies how decisions are to be made so that employees' behavior becomes predictable is referred to as:


Definitions:

Median voter theorem

A theory suggesting that the outcome of a majority rule voting system will represent the preferences of the median voter.

Majority rule

A decision-making process where the option that receives more than half of the votes wins.

Arrow's Impossibility Theorem

A theory stating that no rank-order voting system can meet a set of reasonable fairness criteria simultaneously.

Difficulties

Challenges or situations that require effort to overcome.

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