You Have Been Hired as CEO of Lugar Industries and Have

question 15

Multiple Choice

You have been hired as CEO of Lugar Industries and have been asked to change the organizational culture.Because your company operates in a quickly changing environment,you need to have a culture which encourages employees to respond quickly to changes,to take risks,innovate,and have the authority to make quick decisions to take advantage of opportunities and to avoid risks.Based on these conditions,you,as CEO,want a(n) ____ culture.

• A)adaptive
• B)cooperative
• C)bureaucratic
• D)competitive

---

Definitions:

Multiplier

In economics, a factor by which a change in one economic variable, such as spending, leads to a greater change in another variable, such as GDP.

Nondiscretionary Fiscal Policy

involves automatic stabilizers that adjust government spending and taxes without the need for new legislation, helping to moderate the business cycle.

National Defense

The governmental activities and structures designed to protect a country from external threats and ensure its security.

Tax Receipts

The income received by the government from taxes. It represents the primary source of revenue for government operations.