Recall the Application About the British Experience with Private Water

question 53

Multiple Choice

Recall the Application about the British experience with private water companies in the nineteenth century to answer the following question(s) .
-Recall the Application.What does water privatization show in terms of the distribution of water?

• A) The water is a best managed when the government takes control.
• B) The water is a natural monopoly.
• C) The water distribution is optimized when the price is fixed.
• D) none of the above

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Definitions:

Contingency Approach

A management theory that suggests the best way to manage an organization depends on the specific circumstances and factors affecting it.

Multivariate Approach

A method in research or analysis that involves multiple variables to understand and interpret complex relationships and outcomes.

Open-System Perspective

A viewpoint in organizational theory that considers an organization as an entity that interacts with its external environment.

Organizational Learning

A process within companies where knowledge is created, acquired, and transferred, leading to a transformation of organizational behavior and thinking for enhanced performance and innovation.