Which of the Following Statements Is Incorrect

question 49

Multiple Choice

Which of the following statements is incorrect?

• A) Some studies have found that pseudo- consultation may be prevalent in some Arab managerial settings.
• B) Among Arab managers, the consultative style is more widespread than the autocratic style.
• C) Collective decision making is used by many managers in the Arab world.
• D) Shura is an important decision making concept restricted to the political arena.

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Definitions:

Barriers to Market Entry

Obstacles that make it difficult for a new firm to enter an industry, which might include high start-up costs, strict regulations, or established brand loyalty.

Public Utilities

Companies that provide essential services like water, electricity, natural gas, and telecommunications to the public, often under government regulation.

Political Power

The ability to influence or outright control the behavior of people and institutions, often within a governmental context.

Economic Profit

The profit a company makes after accounting for both its explicit and implicit costs, differing from accounting profit by considering opportunity costs.