In Contrast to Bureaucratic Controls, Market Controls Involve the Use

question 36

Multiple Choice

In contrast to bureaucratic controls, market controls involve the use of

• A)rules and regulations.
• B)economic forces.
• C)authority.
• D)autocratic power.
• E)norms.

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Definitions:

Entrepreneurial Culture

An organizational culture that fosters innovation, risk-taking, and proactiveness in identifying and exploiting new business opportunities.

Measurable Goals

Objectives that can be quantified or assessed using specific criteria to evaluate the progress or success.

Financial

Relating to money, finances, or the management, investment, and expenditure of capital.

Market-Based

Strategies or policies guided by the dynamics of the market, including supply, demand, and competition, aiming to optimize economic efficiency and outcomes.