A Collective Understanding of the Way an Organization Works Held

question 11

Multiple Choice

A collective understanding of the way an organization works held by those who run it is known as

• A) institutional memory.
• B) collective organization.
• C) turnover analysis.
• D) organizational support.

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Definitions:

Revenue Potential

The maximum amount of income that could be generated from a particular market or product, under ideal conditions.

Utility

A measure of satisfaction or happiness that a person derives from consuming goods and services.

Marginal Utility

The additional satisfaction or utility a consumer receives from consuming one more unit of a good or service.

Maximize Utility

The process or goal of obtaining the highest level of satisfaction or benefit from consuming goods and services, given a consumer's limitations, such as income or resources.