In Silicon Valley, California, It Is Not Unusual for Highly

question 354

Multiple Choice

In Silicon Valley, California, it is not unusual for highly skilled employees to stay at one company for about three years. These specialized employees have a mind-set for rapid promotion. They believe that they have only themselves to blame if these high goals are not met. William Ouchi would categorize the management style that these employees operate under as

• A) Type A.
• B) Type B.
• C) Type J.
• D) Type Z.

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Definitions:

Price Ceilings

A government-imposed limit on how high a price can be charged for a product or service.

Quantity Traded

The total number of units of goods or services exchanged in a market during a given period.

Shortages

Conditions where the demand for a good or service exceeds the available supply, often leading to increased prices.

Minimum Wage Legislation

Laws that set the lowest hourly, daily, or monthly remuneration that employers can legally pay their workers.