The Two Dimensions Upon Which the Competing Values Model of Culture

question 84

Multiple Choice

The two dimensions upon which the competing values model of culture is defined are

• A) Flexibility vs. control AND internal vs. external focus of the organization.
• B) Levels of hierarchy vs. levels of empowerment.
• C) Leadership type vs. levels of hierarchy.
• D) Degree of environmental scanning vs. level of empowerment.
• E) Level of environmental scanning vs. level of environmental influence.

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Definitions:

Total Utility

The total satisfaction or benefit obtained from consuming a particular quantity of goods or services.

Marginal Utility

Describes the additional satisfaction or usefulness obtained from consuming one more unit of a product or service.

Total Utility

The complete fulfillment experienced from the consumption of a specific overall amount of a product or service.

Consumer Surplus

The gap between what consumers are prepared and able to spend on a product or service and the actual sum they end up paying.