Complexity Theory Says That Complex Systems, Such as Large Firms

question 24

Multiple Choice

Complexity theory says that complex systems, such as large firms:

• A)Must have complex, fluid structures which no-one fully understands
• B)May have a simple structure, with simple operating rules, but exhibit complexity at the system level
• C)Must have CEOs whose authority is vastly reduced
• D)Need to be run in a more vague fashion

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Definitions:

Corn

A cereal plant that yields large grains, or kernels, set in rows on a cob; often grown as food for humans and fodder for animals.

Futures Price

The agreed-upon price for a financial instrument or commodity to be delivered and paid for at a future date.

Orange Juice

A liquid extract of the orange tree fruit, consumed as a beverage or used in culinary dishes and as a commodity traded on futures markets.

Futures Contracts

Standardized legal agreements to buy or sell a financial instrument or physical commodity at a predetermined future date and price.