In Order to Become Dynamically Stable, Organizations Must Have Managers

question 63

Multiple Choice

In order to become dynamically stable, organizations must have managers who do all of the following, except:

• A)see their roles as architects
• B)combine long-term thinking with flexible and quick responses for improvement
• C)follow a well-defined organizational structure
• D)focus on future growth through technology

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Definitions:

Revealed Preference Theory

An economic theory proposing that individuals' preferences can be deduced from their purchasing habits and choices, rather than through their words or responses to surveys.

Debit Card

A payment card that deducts money directly from a consumer’s checking account to pay for a purchase.

Marginal Utility

The additional satisfaction or benefit gained from consuming one more unit of a good or service.

Indifference Curve

A graphical representation showing combinations of goods among which a consumer is indifferent, indicating the same level of utility or satisfaction.