Within the Context of Organizational Change,which of the Following Practices

question 66

Multiple Choice

Within the context of organizational change,which of the following practices focus on shared values and culture?

• A) replacing batching with continuous-flow manufacturing
• B) encouraging cooperation through a cross-training program
• C) changing from a niche market to a general market approach
• D) instituting participatory decision making throughout the organization

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Definitions:

Payoff Matrix

A payoff matrix is a table that shows the potential outcomes of different strategies in a game theory scenario, where the payoffs for each participant are listed.

Equilibrium Outcome

The state in which market supply and demand balance each other, and, as a result, prices become stable.

Collusive Agreements

Arrangements between firms or countries to limit competition, set prices, or regulate market entry, often considered illegal or anti-competitive in many jurisdictions.

Prisoner's Dilemma

A situation in game theory where two individuals acting in their own self-interest do not produce the optimal outcome for either party.