Based on the Circular Flow Model, Money Flows from Households

question 9

Multiple Choice

Based on the circular flow model, money flows from households to businesses in:

• A) factor markets.
• B) product markets.
• C) neither factor nor product markets.
• D) both factor and product markets.

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Definitions:

Organizational Culture

The shared values, beliefs, and practices that shape the social and psychological environment of an organization, influencing its members' behavior and attitudes.

Rituals

Established sequences of activities involving gestures, words, actions, or objects, performed according to set sequences and intended to influence or symbolize a value or belief within a culture or organization.

Dominant Culture

The set of norms, values, beliefs, and practices that is accepted and upheld by the majority within a society or organization.

Adaptive Organizational Culture

Refers to a culture within an organization that is flexible, agile, and capable of adapting to change or environmental demands.