The Contingency Approach to Management Suggests That

question 51

Multiple Choice

The contingency approach to management suggests that

• A)one management style should work for all individuals.
• B)management style makes no difference.
• C)management style depends on the demands of the situation.
• D)management styles are constantly changing.
• E)the best management style depends on the size of the organization.

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Definitions:

Zero-Sum Game

A situation in which one participant's gain or loss is exactly balanced by the losses or gains of the other participants.

Fixed Rate

An interest rate that remains constant over the specified term of a loan or financial instrument, regardless of market fluctuations.

Variable Rate

An interest rate that can change, in contrast to a fixed interest rate, and is often associated with loans or savings accounts.

Prime Rate

The interest rate that commercial banks charge their most creditworthy customers, often used as a benchmark in lending rates.