An Organization Which Accommodates Several Subcultures, Including Employees Who Would

question 52

True/False

An organization which accommodates several subcultures, including employees who would otherwise feel isolated and ignored refers to pluralism.

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Definitions:

Maximin Strategy

The maximin strategy is a decision rule used under uncertainty, where the decision maker selects the option with the least worst outcome, maximizing the minimum gain.

Equilibrium

A condition in which the equilibrium of market supply and demand stabilizes prices.

Maximin Strategy

A decision rule used in game theory and decision-making to maximize the minimum gain that can be achieved.

Equilibrium

A state in an economy where supply equals demand, leading to a stable price for goods and services.