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True, False, or Uncertain: for All of Its Negatives, Bureaucracy

question 4

True/False

True, False, or Uncertain: For all of its negatives, bureaucracy is a strong corporate
governance mechanism that helps ensure that managers work to maximize
shareholder wealth. Explain.


Definitions:

Cognitive Dissonance

The mental discomfort or psychological stress experienced by a person who holds two or more contradictory beliefs, ideas, or values at the same time.

Balance Theory

A psychological theory suggesting that individuals strive for mental consistency among their beliefs, attitudes, and sentiments, and will change or eliminate beliefs to achieve balance.

Environmental Activist

An individual who actively promotes the protection and preservation of the environment through various actions and campaigns.

Cognitive Dissonance

The mental discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time, often leading to an alteration in one's beliefs to reduce the discomfort.

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