Successful Organizations Create ________ That Enables Them to Continuously Recognize

question 104

Multiple Choice

Successful organizations create ________ that enables them to continuously recognize new problems.

• A)a culture
• B)processes
• C)structures
• D)expectations

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Definitions:

Regulated Monopoly

A market structure where there is only one provider of a particular kind of product or service, which is regulated by the government to protect consumers’ interests.

Economic Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, usually visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Pure Competition

Pure competition is a market structure characterized by many sellers and buyers, homogenous products, and free entry and exit from the market, leading to price determination by supply and demand forces.

Socialism

Economic system characterized by government ownership and operation of major industries, such as communications.