The Encouragement of Systems Thinking

question 58

Multiple Choice

The encouragement of systems thinking:

• A)is a task of leaders who seek to enhance organizational learning.
• B)has the best results in traditional organizations.
• C)was a driving force in the 1980s, but has been largely discarded in favor of specialized thinking.
• D)increases efficiency, but appears to deter creativity.

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Definitions:

Profits Eliminated

A situation where competition or other factors reduce a firm's profits to zero over time.

Monopolistically Competitive

A market structure where many producers sell products that are differentiated from one another (e.g., by branding or quality) and hence are not perfect substitutes.

Monopolistic Firm

A type of company that possesses significant market power, allowing it to operate without many competitors and set prices above the competitive level.

Homogeneous

Describes a substance or mixture that has a uniform structure or composition throughout, or a market condition where products are identical in features and quality from the consumer's perspective.