In Most Large Cities There Are a Large Number of Bakeries.These

question 170

Multiple Choice

In most large cities there are a large number of bakeries.These bakeries produce similar,but not identical,products.Some bakeries claim to have the best cheesecakes in town,while others brag about their cookies or specialty breads.The bakery market in a large city is an example of:

• A)a monopoly.
• B)an oligopoly.
• C)monopolistic competition.
• D)perfect competition.

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Definitions:

Douglas McGregor

An American social psychologist who proposed the Theory X and Theory Y concepts in management, relating to two different views of how managers perceive workers' motivations.

Decision-making

The cognitive process of selecting a course of action from among multiple alternatives.

Job Autonomy

The degree of independence and discretion a worker has in determining how to perform their tasks.

Theory Y

Theory Y is a managerial assumption about employee motivation, proposing that workers are self-motivated, seek responsibility, and are creative problem solvers.