Tsui's Multiple Constituency Model (1990) Recognises That

question 15

Multiple Choice

Tsui's multiple constituency model (1990) recognises that:

• A) an organisation has a number of constituents (or stakeholders) and thus when an organisation takes a course of action that satisfies one constituent it is possible that other constituents will not be satisfied
• B) an individual has a number of skills and aligns these with the organisations key strategies to allow the best course of action to take place
• C) employees are the way of the future and creating a work environment that impacts negatively on this stakeholder can affect worklife balance
• D) both a and c

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Definitions:

Long-Run Demand Curve

A graphical representation showing the relationship between the quantity demanded of a good and its price over a long time period, considering adjustments in factors other than price.

Monopolistic Competitor

Refers to a market structure where many firms sell products that are similar but not identical, each having some control over its price due to product differentiation.

Excess Capacity

The situation in which a company can produce more goods or services than currently demanded, often leading to inefficiency.

Marginal Revenues

Marginal Revenues represent the additional income that a firm receives from selling one more unit of a good or service.