Until Recently,George Lived in a Home That Was Newly Constructed

question 80

Multiple Choice

Until recently,George lived in a home that was newly constructed in 2005.In 2005,he paid $200,000 for the brand new house.He sold the house in 2006 for $225,0000.Which of the following statements is correct regarding the sale of the house?

• A)The 2006 sale increased 2006 GDP by $225,000 and had no effect on 2005 GDP.
• B)The 2006 sale increased 2006 GDP by $25,000 and had no effect on 2005 GDP.
• C)The 2006 sale increased 2006 GDP by $225,000; furthermore, the 2006 sale caused 2005 GDP to be revised upward by $25,000.
• D)The 2006 sale affected neither 2005 GDP nor 2006 GDP.

---

Definitions:

Cautious Management

A management approach characterized by careful and deliberate planning and action, often to minimize risk.

Adaptive Organizational Cultures

Cultures within organizations that are flexible and able to adjust to changes in the environment or internal conditions.

Fit Perspective

The concept that emphasizes the alignment between an individual's abilities, values, and beliefs with the requirements, culture, and values of an organization or role.

Organizational Culture

The shared values, beliefs, and practices that influence how organizational members behave.