Theory Y Managers

question 8

Multiple Choice

Theory Y managers:

• A) believe that mistakes and errors are necessary phases of the learning process.
• B) presume employees will undergo long periods of evaluation and are not promoted quickly.
• C) view employees as being incapable of much growth.
• D) assume a homogeneous internal organizational culture.

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Definitions:

Quantities Supplied

The amounts of goods or services that producers are willing and able to sell at various prices over a certain time period.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, leading to a balance in the market.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price, where supply and demand are balanced.

Equilibrium Level

The condition where supply in the market equals demand, resulting in price stability.