The Point About the Joke About the Economist in the Pit

question 37

Multiple Choice

The point about the joke about the economist in the pit with the historian and the anthropologist is that economists:

• A) are always happy
• B) are real climbers
• C) make lots of assumptions
• D) can't communicate very well
• E) believe in holism

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Definitions:

Organisational Design

The process of shaping an organization's structure and roles to align with its strategies, goals, and environment, ensuring it can operate effectively.

High Performance

Achieving significantly better outcomes or efficiencies, usually in the context of organizational or individual work, through effective strategies and practices.

Satisfaction

The feeling of pleasure or contentment arising from the fulfillment of one's desires, expectations, or needs.

Mechanistic Designs

Mechanistic designs are centralised with many rules and procedures, a clear-cut division of labour, narrow spans of control and formal coordination.