Which of the Following Statements Is Least True Regarding the Views

question 23

Multiple Choice

Which of the following statements is least true regarding the views of strategy that Nelson and Winter offer differing from Chandler?

• A)Their views state that strategy and structure evolve from local interactions of the firm with its environment rather than from top managers formulating and implementing a comprehensive reorganization
• B)Their views suggest that the relationship of the firm to the environment,as well as the current patterns of interpersonal relationships generally referred to as the firm's "structure," are both the cumulative result of a long series of adaptations
• C)Their views state that strategy and structure are examples of high level heuristics
• D)Their views suggest that structure is a set of principles or guidelines for coordinating a firm's decisions in a manner inconsistent with its activities in the environment
• E)Their views suggest that strategy is a set of principles or decision guidelines that managers use to foster a firm's survival and profitability

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Definitions:

Government Decision Making

Involves the processes and actions through which government officials or bodies determine policies, allocate resources, and address public issues.

Fiscal Policy

Changes in government spending and tax collections designed to achieve full employment, price stability, and economic growth; also called discretionary fiscal policy.

Paradox Of Voting

A situation in democratic decision-making where rational individual choice can lead to an outcome that seems irrational or suboptimal for the group.

Principal-Agent Problem

A dilemma in economics where one party (the agent) is expected to act in the best interest of another party (the principal) but may have a conflict of interest.