All of the Following Statements About Decision Style Are True

question 33

Multiple Choice

All of the following statements about decision style are true EXCEPT

• A) autocratic styles are authority-based.
• B) decision styles are consistent among top managers.
• C) heuristic styles can also be democratic.
• D) decision styles may vary among lower-level managers.

Analyze the effects of resource allocation on production outputs, understanding how different allocations can lead to changes in total production.

Apply the concept of opportunity cost in the context of trade and production decisions.

Recognize the relationship between specialization and economic efficiency, and how specialization leads to increased total output.

Understand how the production possibilities frontier can demonstrate the limitations and potential of production given current resources.

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Definitions:

Bureaucratic Ritualism

The phenomenon in which bureaucratic organizations focus more on following strict procedures and rules than on achieving their actual goals, leading to inefficiency.

Rules and Regulations

Established guidelines and laws designed to govern behavior and ensure order within a society, organization, or system.

Reference Group

A reference group is composed of people against whom an individual evaluates his or her situation or conduct.

Evaluative Group

A group used as a reference point for assessing or making judgments about something or someone.