Scarcity

question 104

Multiple Choice

Scarcity:

• A) is a problem only in the poorer countries of the world.
• B) can be solved by rapid advances in technology.
• C) is a problem that exists in every economy.
• D) is not a problem for the very rich.

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Definitions:

Hidden Elements

Aspects of an organization that are not visible or overt but influence its culture and operations.

Organizational Culture

The shared values, beliefs, norms, and practices that shape the social and psychological environment of a business organization.

Reality Shock

The feeling of surprise and disorientation experienced by individuals when they encounter unexpected realities in their work or life situations.

Pre-Employment Expectations

The beliefs or assumptions about the nature of the work, the work environment, and the culture that individuals hold before starting a new job.