Nelson & Winter Develop the Notion of Organizational Routines to Help

question 10

Multiple Choice

Nelson & Winter develop the notion of organizational routines to help explain the behavior and evolution of organizations.Which of the following is not a characteristic of routines:

• A)Regular and predictable.
• B)Collective, social and tacit.
• C)Easily observable and measured.
• D)Guide cognition, behaviour and performance.

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Definitions:

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing the owner's claim against the company’s assets.

Revenues

The total income generated from normal business operations, often from the sale of goods and services before expenses are deducted.

Expenses

Monetary outflows or costs incurred in an entity's operations.

Owner's Equity

The residual interest in the assets of a company after deducting liabilities, representing the owner's claim on the business assets.