Which of the Following Is the Best Example of a Learning

question 63

Multiple Choice

Which of the following is the best example of a learning organization?

• A) Patersons, a family firm, has been in business for a century and operates in much the same way as it did when it first began. Many find the company culture paternalistic, but it provides generous employee benefits, which is a definite advantage.
• B) Lowry Ltd emphasizes the reductionist philosophy in management: the company attempts to analyze and understand operational problems by reducing them to the interactions of their parts.
• C) Cleary Consulting takes pride in the fact that all its departments are autonomous and self-sufficient. Each functions independently, with minimal interaction with other departments.
• D) Nesbit & White has been in business for just two years, and the small firm still operates almost informally. The weekly company meeting gives employees a sense of community and a chance to know how everyone is working to achieve their common goals.
• E) Park Systems has been immensely successful in a very short time. The key to this has been the individual freedom that it offers employees, who develop their own ways of working and solving problems. The company concentrates only on the end result.

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Definitions:

Production

The process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output).

Supply Curves

Graphical representations showing the relationship between the price of a good and the quantity of that good that suppliers are willing and able to sell, holding other factors constant.

Long Run

A period in economics in which all factors of production and costs are variable, allowing all inputs to be adjusted.

Perfectly Inelastic

A situation where demand does not change at all in response to changes in price.