In Proposing a New Course of Action, Upper Management Remarks

question 74

Multiple Choice

In proposing a new course of action, upper management remarks to you, "That's the way Jane, our founder, would have done it!" After that statement, the decision is made to accept and implement your idea. Which power source did you use?

• A) Experience
• B) Desirable characteristics
• C) Higher than expected commitment of time
• D) Behavior consistent with the values of the organization
• E) Flexibility

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Definitions:

Highly Valued

Regarded with great importance, significance, or appreciation by individuals or society.

Competitive Price-Searcher Market

A market structure where firms have some power to set prices because their products are differentiated, but must consider the prices of competitors.

Losses

The negative financial result from business activities when costs exceed revenues.

Market Message

A communication or signal sent through the movement in prices, volumes, or other market indicators that reflects the collective actions and sentiments of market participants.