The System Where Proposals at Lower Levels Are Signed and Passed

question 6

Multiple Choice

The system where proposals at lower levels are signed and passed along to higher level management in an effort to build consensus is the

• A)boundaryless organization.
• B)modular organization.
• C)ringi system.
• D)strategic alliance.

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Definitions:

Comparative Advantage

The ability of an individual or country to produce a good or service at a lower opportunity cost than others, leading to more efficient international trade.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision.

Domestic Opportunity Cost

The cost of forgoing the next best alternative use of a country's own resources.