The Processual Approaches Is Similar to Contingency Theory in That

question 27

Multiple Choice

The processual approaches is similar to contingency theory in that both assume that:

• A) change unfolds differently over time and according to the context in which the organization finds itself.
• B) change should not and cannot be solidified.
• C) change should be seen as a series of linear events that occur within a given period of time.
• D) change is inevitable, and therefore, strategic planning is a massive waste of time and resources.

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Definitions:

Marginal Rate of Substitution

The rate at which a consumer is willing to give up some amount of one good in exchange for another good while keeping the same level of utility.

Consumption Doubled

A scenario where the amount of goods or services consumed by an individual or within an economy is increased by 100%.

Perfect Substitutes

Goods or services that can be used in exactly the same way and are interchangeable in consumption or production.

Equal Amounts

A term referring to identical quantities or volumes of a given item or resource, implying a state of equilibrium or balance.