According to International Trade Theory

question 158

Multiple Choice

According to international trade theory

• A) trade is based on absolute advantage.
• B) comparative advantage is based on absolute advantage.
• C) every country has a comparative advantage in something.
• D) less developed countries cannot trade successfully with developed countries.

Understand issues of external adaptation and survival that organizations face.

Recognize major challenges that influence the formation of organizational culture.

Identify visible aspects of organizational culture.

Understand the role of organizational rites, rituals, symbols, and ceremonies in shaping culture.

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Definitions:

Ill-structured Problem

A problem lacking a clear goal, solution path, or expected solution, making it difficult to solve using conventional methods.

Organizational Hierarchy

A system in which people or groups are ranked one above the other according to status or authority within an organization.

Programmed Decision Making

The process of making decisions that are routine or repetitive through the use of established policies, procedures, or rules.

Well-structured Problem

Refers to problems that have clearly defined goals, constraints, and solution paths, making them easier to solve through logical processes.