The Competing Values Approach to Effectiveness Demonstrates That Only One

question 33

True/False

The competing values approach to effectiveness demonstrates that only one managerial value (or effectiveness criterion) can be used, and managers must decide which of the four competing values they will follow.

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Definitions:

Median Voter Theorem

A principle in political science proposing that the outcome of a majority vote is most likely to match the preferences of the median voter, assuming voters can be placed along a single-dimensional policy space.

Impossibility

A condition or situation that cannot be achieved or is unattainable.

Median Voter

A theory in political science that suggests the outcome of a majority vote is most likely to correspond to the preferences of the median voter when voters' preferences are placed along a single-dimensional spectrum.

Majority Rule

A decision-making principle whereby the option receiving more than half of the votes wins.