Which of the Following Is a Practical Implication of the Contingency

question 17

Multiple Choice

Which of the following is a practical implication of the contingency approach to management? 

• A) ​Managers need to develop quantitative approaches to solve organizational problems. 
• B) ​Managers need to spend more time analyzing problems before taking action to fix them. 
• C) ​Managers need to group all problems as one. 
• D) ​Managers can develop a universal management theory to solve all problems.

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Definitions:

Inelastic

Describes a situation where the demand or supply of a good or service is relatively unresponsive to changes in price.

Total Revenue

The total amount of money generated by selling goods or services before any expenses are subtracted.

Opposite Directions

A term potentially used to describe actions or movements that are completely contrary to each other in orientation or aim.

Total Revenue

The total amount of money earned from the sale of goods or services before deducting any costs.