The Creation of Markets That Were Previously Missing

question 32

Multiple Choice

The creation of markets that were previously missing:

• A) can create winners and losers.
• B) increases total surplus.
• C) benefits those who interact in the new markets.
• D) All of these are correct.

Distinguish between formal and informal groups within organizations.

Identify factors that enhance or reduce group attractiveness and cohesiveness.

Comprehend the role of assignment and voluntary participation in forming formal task groups.

Recognize the impact of conformity and ostracism on group dynamics.

---

Definitions:

Organizational Culture

The shared values, beliefs, and practices that characterize an organization and shape its members' behaviors.

Moral Philosophies

The study of questions about right and wrong, virtue and vice, and the conduct and character of human beings.

Ethical Issues

Moral challenges or dilemmas arising in professional or social contexts, requiring individuals to choose between actions based on moral principles.

Obama's Administration

The presidency of Barack Obama, spanning from 2009 to 2017, marked by significant policy changes in healthcare, environmental protection, and economic recovery.