To Address Limited, Short-Term Problems, a Company Is Most Likely

question 72

Multiple Choice

To address limited, short-term problems, a company is most likely to employ a ________ strategy.

• A)retrenchment
• B)turnaround
• C)doomsday
• D)self-critical

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Definitions:

Delay Gratification

The aptitude for postponing instant satisfaction in order to obtain a reward at a subsequent time.

Goal Shielding

The cognitive process of protecting one's focus on achieving a goal by resisting distractions or competing goals.

Capacity to Delay Gratification

The competency to delay gratification by resisting the urge for an immediate prize in anticipation of a future reward.

Temporal Discounting

The tendency for people to value immediate rewards more highly than future rewards.