Which of the Following Phrases Is Associated with the Definition

question 46

Multiple Choice

Which of the following phrases is associated with the definition of organisational culture?

• A)individual response
• B)shared values
• C)diversity of thought
• D)explicit directions
• E)internal growth

---

Definitions:

Employment Level

Refers to the total number of people currently employed in the economy, indicative of its health and labor market status.

Price Level

An index that measures the average prices of goods and services in an economy at a given time.

AS Curve

The Aggregate Supply curve, depicting the total supply of goods and services that firms in an economy will produce at different price levels.

Classical Theory of Employment

An economic theory that posits that the economy naturally operates at a level of full employment due to the flexibility of prices and wages.