A Social Institution Is ______

question 6

Multiple Choice

A social institution is ______.

• A) an extremely respected person or place
• B) a very old social resource
• C) any public place
• D) patterned arrangements for solving social needs

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Definitions:

Non-Profit Firms

Organizations that operate for purposes other than generating profit, focusing on a specific social cause or advocacy.

Employee Incentives

Programs or rewards designed to motivate employees and align their actions with organizational goals.

Economic Darwinism

Differential variations among firms’ organizational architectures, decision processes, or technologies that affect firms’ chances of survival in a competitive environment. Natural selection is the process whereby those differential variations that increase an organization’s chances of survival will tend to be imitated and become more prevalent in other firms. Managers will not imitate management practices of failing firms but those of successful firms.

Inefficient Behavior

Actions or practices that result in a waste of resources or less optimal outcomes.