Which of the Following Defines Sensemaking

question 9

Multiple Choice

Which of the following defines sensemaking?

• A)the ongoing retrospective development of plausible images that rationalize what people are doing
• B)how things are done,or are expected to be done,in particular organizations
• C)ensuring that everyone understands the same thing in exactly the same way
• D)all of these

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Definitions:

Marginal Propensity

The rate at which an individual, household, or economy is likely to consume (or save) with respect to an incremental increase in income.

Multiplier

An economic factor that quantifies the impact of increased spending in the economy, leading to a proportional increase in income and consumption.

Marginal Propensity

The proportion of an additional unit of income that is spent on consumption; a key concept in Keynesian economics related to how income changes affect spending.

Simple Multiplier

The Simple Multiplier is an economic concept that quantifies the impact of a change in investment, government spending, or other economic activity on total output or income.