Senge Coined the Term 'Learning Organisation' to Reflect

question 20

Multiple Choice

Senge coined the term 'learning organisation' to reflect:

• A)on how decisions can lead to actions and new learning follows
• B)the strategic value of seeing underlying learning as a core competence
• C)on how learning leads to knowledge and prevents repeating future mistakes
• D)the importance of learning ability in organisational adaptability and ongoing success

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Definitions:

Goods and Services

These are the products and activities that are available for purchase by consumers, including tangible items and intangible services.

Labor Supply

The total hours of work that workers are willing and able to provide at a given wage rate in a certain period.

Unit Elastic

Describes a supply or demand curve where a given percentage change in price causes an equal percentage change in the quantity demanded or supplied.

Elasticity of Labor Supply

A measure of how the quantity of labor supplied changes in response to changes in wages or salaries.