Organizational Routines Are

question 26

Multiple Choice

Organizational routines are:

• A)Irregular and unpredictable patterns of activity made up of sequences of coordinated actions
• B)Regular patterns of activity which are not really very important.
• C)Regular events and processes performed by junior staff.
• D)Patterns of activity made up of sequences of coordinated actions which have been repeated many times by individuals and teams to the extent of being very used to the pattern and sequence.

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Definitions:

Supply Of Money

The total amount of monetary assets available in an economy at a specific time, which includes currency, coins, and balances held in checking and savings accounts.

Price System

The mechanism through which the prices of goods and services are established in a market economy, based on supply and demand.

Disinflation

A reduction in the rate of inflation; a slowdown in the rate at which prices increase.

Hyperinflation

A significantly rising inflation rate that accelerates quickly, leading to a swift decrease in the value of currency.