Which of the Following Is a Central Argument in the "Managerial

question 8

Multiple Choice

Which of the following is a central argument in the "managerial revolution" theory?

• A) Diffusion in ownership and the rise of managers leads to reduced workplace conflict.
• B) Managers think and act much like owners do.
• C) Many corporations are still controlled by a small, powerful group of shareholders.
• D) Family ownership of large corporations is a thing of the past.

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Definitions:

Established Technology

Technology that has been widely adopted, proven reliable, and is well understood within its intended markets or applications.

New Industry

An emerging sector or market that has recently begun to develop and offers potential for business opportunities and growth.

Cannibalization

A reduction in sales volume or market share of a company’s existing product due to the introduction of a new product made by the same company.

Product-line Extensions

The introduction of new products to an existing product line, usually related to the current products but targeted to meet different customer needs or preferences.