What Term Describes When Activities Originally Intended to Help Managers

question 99

Multiple Choice

What term describes when activities originally intended to help managers attain corporate objectives become ends in themselves or are adapted to meet ends other than those for which they were intended?

• A)economic rationality
• B)minimal acceptable behavior
• C)goal displacement
• D)closed system thinking
• E)trained incapacity

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Definitions:

Antitrust Laws

Legislation enacted to prevent monopolies and promote competition among businesses.

Horizontal Mergers

Mergers between companies that operate in the same industry, often aimed at creating synergies, reducing competition, or achieving economies of scale.

Vertical Mergers

Mergers between companies that operate at different stages within an industry's supply chain, aiming to increase synergies and efficiency.

IRS

The Internal Revenue Service, the U.S. federal agency responsible for administering and enforcing the tax laws and collecting taxes.