Innovative Organisations Do Not Accept the 'Rules of the Game',but

question 31

Multiple Choice

Innovative organisations do not accept the 'rules of the game',but seek to change them for their own benefits.In particular,one of the major 'rules' is:

• A)the determination of industry standards
• B)the determination of market competition
• C)the determination of organisational culture
• D)the determination of national economic goals

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Definitions:

Perpetuities

Financial instruments that provide an endless stream of equal payments with no expiration date.

Equal Payments

Regular and identical payments made over a specified period, often found in loan agreements or installment plans.

Present Value

The current value of a future amount of money or stream of cash flows given a specified rate of return.

Ordinary Annuity

A series of equal payments made at regular intervals, such as monthly or annually, over a specified period.