A Local Grocer Routinely Develops and Acquires New Knowledge, and the Employees

question 66

True/False

A local grocer routinely develops and acquires new knowledge, and the employees communicate what they learn to other employees, so the company is able to modify its behavior to reflect what they have learned. This organization is an example of a learning organization.

---

Definitions:

Association

A group of individuals who voluntarily come together to achieve a common purpose, often structured as a legal entity.

Causation

A relationship between two events where one event is affected by the occurrence of the other event.

Limited Resources

Refers to the finite availability of goods and inputs, such as labor, raw materials, and capital, which are used to produce economic outputs.

Unlimited Wants

The economic concept that humans have insatiable desires for goods and services, which exceeds the resources available to satisfy them.