When Considering an External Environment with a High Level of Resources

question 13

Multiple Choice

When considering an external environment with a high level of resources and low degree of uncertainty, managers are most likely to

• A)decentralize authority.
• B)encourage employee autonomy.
• C)cultivate an entrepreneurial culture in the organization.
• D)establish norms that emphasize change and innovation.
• E)use detailed rules, SOPs, and restrictive norms to govern employees' activities.

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Definitions:

Domestic Consumption

The total amount of goods and services consumed within a country's borders.

Plants Producing

The process by which plants manufacture their own food, primarily through photosynthesis, contributing to the ecosystem's productivity.

Price of Gasoline

The cost per unit of gasoline, influenced by factors such as crude oil prices, taxes, demand, and supply.

TC Curves

They represent total cost curves, which show the total cost of producing different quantities of a good or service at various levels of production.