What Do Individuals Who Manage Primarily Based on the Open

question 37

Multiple Choice

What do individuals who manage primarily based on the open systems model tend focus on?

• A)establishing rules and procedures that can help ensure consistency and conformity with laws and regulations.
• B)maintaining a an emphasis on effort and productivity to ensure that customer demands are met in a timely fashion
• C)making sure that work flows smoothly and that activities are carried out according to their relative importance with a minimum amount of friction among individuals, work groups, and work units.
• D)coming up with new ideas and testing them for feasibility to ensure that the organization is able to adapt when the external environment changes
• E)identifying the needs of employees and ensuring that they are being met

Understand how market failure can affect economic efficiency.

Appreciate the impact of incentives on individual and collective decision-making.

Realize the importance of trade and specialization in improving economic outcomes.

Discern the relationship between economic policies, resource allocation, and societal welfare.

---

Definitions:

Arms-For-Hostages

Refers to the clandestine arrangement of trading arms for the release of hostages, notably associated with the Iran-Contra affair in the 1980s under the Reagan administration.

Oliver North

A former United States Marine Corps officer who was involved in the Iran-Contra Affair, a political scandal involving the secret sale of weapons to Iran and the diversion of funds to support Contra rebels in Nicaragua.

Yasir Arafat

A Palestinian political leader and the chairman of the Palestine Liberation Organization (PLO) from 1969 until his death in 2004, who played a central role in the Palestinian liberation movement.

Palestine Liberation Organization

A political and militant organization founded in 1964, claiming to represent the world's Palestinian people in their struggle for an independent state.