One of the Problems with Many of the Dot-Com Companies

question 36

Multiple Choice

One of the problems with many of the dot-com companies that failed in the mid-1990s was a lower and middle management adherence to innovation and an expectation that work would be fun while top management envisioned the company being profitable and the elimination of unnecessary expenses. These companies lacked ____ in their organizational cultures.

• A)empathy
• B)formalization
• C)consistency
• D)broad spans of management
• E)responsiveness

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Definitions:

Divisible

Capable of being divided or separated into smaller parts without leaving a remainder.

Conditional Probability

The chance of a specific event happening when it is known that another event has occurred.

Multiplication Law

A principle used in probability that determines the likelihood of two independent events occurring together.

Addition Law

In probability, the rule that calculates the probability of the occurrence of at least one of two events.