Which of the Following Statements Is True

question 56

Multiple Choice

Which of the following statements is true?

• A) As price falls, the amount of a good producers are willing to put on the market for sale increases.
• B) As prices rise, the amount of a good that consumers buy increases.
• C) Since demand and supply curves intersect, the market will always be in equilibrium.
• D) A position of disequilibrium in the market is corrected by market forces.

Explain the impact of subsystem changes on the overall system within an organizational context.

Identify and explain the types of feedback mechanisms in systems.

Grasp the dynamics of innovation and change within organizations through the lens of systems theory.

Comprehend Weick's concept of requisite variety and its application in complex systems.

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Definitions:

Bystander Apathy

A social psychological phenomenon where individuals are less likely to offer help to a victim when other people are present.

Groupthink

A mental phenomenon in which the need for agreement or uniformity within a group leads to illogical or ineffective decision-making results.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, policies, or societal expectations.

Social Cognition

The mental processes that people use to make sense of the social world around them.