It Is More Important to Create an Organization with a Vision

question 28

True/False

It is more important to create an organization with a vision than to have a charismatic chief executive with a personal vision.

---

Definitions:

Utility of Wealth

The satisfaction or benefit derived by an individual from accumulating wealth.

Hurricane

A powerful tropical cyclone with heavy rain and winds exceeding 74 miles per hour, typically in the Atlantic Ocean region.

Expected Utility

The anticipated satisfaction or benefit derived from a risky decision or choice, calculated by considering all possible outcomes.

Marginal Utility

Marginal utility is the additional satisfaction or utility gained from consuming one more unit of a good or service.