An Organization with a _____ Culture Is Characterized by a Constant

question 34

Multiple Choice

An organization with a _____ culture is characterized by a constant presence of pressure to make the right decision because the employees make high risk decisions but do not get rapid feedback.

• A) high uncertainty avoidance
• B) process
• C) work-hard/play-hard
• D) bet-your-company
• E) tough-person, macho

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Definitions:

Relatively Inelastic

A term used to describe a situation where the demand or supply for a good or service is less responsive to changes in price.

Total Revenue

The total income that a company receives from its normal business activities, usually from the sale of goods and services to customers.

Inelastic Demand

A situation where the quantity demanded of a good or service changes little when its price changes.

Elastic Demand

A situation where the demand for a good or service significantly changes in response to changes in price.