William Ouchi's Theory Z Embraced Which of the Following Management

question 152

Multiple Choice

William Ouchi's Theory Z embraced which of the following management ideals?

• A) Once hired, the employee would be assured of lifetime employment.
• B) Employees would cooperatively solve problems and decisions would always be consensual.
• C) Management would cautiously only concern themselves with an employee's work life.
• D) An employee could be promoted, but both evaluation and promotion would not happen quickly.

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Definitions:

Substitution Effect

Change in consumption of a good associated with a change in its price, with the level of utility held constant.

Perfectly Competitive

A market structure characterized by a large number of small sellers and buyers, homogeneous products, and freedom of entry and exit.

Profit Maximizing

A process or strategy used by businesses to determine the best output and pricing levels in order to achieve the highest profit.

Labor

Human effort, both physical and mental, employed in the production of goods and services.