When a Firm Experiences a Positive Technological Change

question 255

Multiple Choice

When a firm experiences a positive technological change

• A)the price of a share of the firm's stock rises.
• B)the firm is able to produce more output using the same inputs, or the same output using fewer inputs.
• C)the value of the firm's assets rises.
• D)the firm will hire additional workers in order to increase production.

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Definitions:

Organizational Culture

The unwritten, collective mindset and values that influence how people within an organization interact and work together.

Dysfunctions

Negative consequences or undesirable effects that result from organizational behaviors or structures.

Feldman's Organizational Socialization

A framework describing how new employees acquire the necessary knowledge, behaviors, and skills to become effective organizational members.

Anticipatory Socialization

The process through which people learn and adopt the norms, values, and behaviors necessary for a role they will assume in the future.