Which of the Following Statements Is True of Adapting Culture

question 1

Multiple Choice

Which of the following statements is true of adapting culture to a new contextual landscape?

• A) In times of crisis,a company's culture cannot change quickly.
• B) Culture tends to be a competitive differentiator.
• C) External adaptation addresses how work is accomplished in a firm.
• D) Culture cannot be a strong inhibitor to change.

---

Definitions:

Deadweight Loss

A loss of economic efficiency that can occur when equilibrium for a good or service is not achieved or is not achievable.

Coefficient Of Monopsony

A measure indicating the degree of market power held by a single buyer in a market.

Elasticity Of Supply

A measure of how much the quantity supplied of a good responds to a change in the price of that good, with higher elasticity indicating a greater response.

Bilateral Monopoly

A market structure consisting of only one buyer and one seller, mutually depending on each other.