Bart Has a New Idea for a Way to Cut

question 4

Multiple Choice

Bart has a new idea for a way to cut costs in his department, but he is not willing to share his idea with his boss because the last department head that tried new cost cutting methods was recently fired because the new methods could not achieve expected results. Based on the example, how can Bart's company improve the culture to create innovation?

• A) flatten the organizational structure
• B) reward both successes and failures
• C) increase the resources in Bart's department
• D) encourage communication between various departments
• E) conduct team-building activities

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Definitions:

Floods

Natural disasters characterized by an overflow of water onto land that is normally dry, often causing widespread damage.

Farm Output

The total quantity of agricultural products produced by a farm over a specific period.

Federal Minimum Wage

The lowest legal wage that can be paid to workers in the United States, set by federal law.

Long-run Aggregate Supply

The total production of goods and services in an economy at full employment, assuming no changes in technology and resources.