Forgiveness Is Enhanced in Organizations When Managers

question 22

Multiple Choice

Forgiveness is enhanced in organizations when managers
(1) Acknowledge the trauma,harm,and injustice that their organization members have experienced,but they define the occurrence of hurtful events as an opportunity to move forward toward a new goal.
(2) Associate the outcomes of the organization (e.g.,its products and services) with a higher purpose that provides personal meaning for organization members.
(3) Maintain high standards and communicate the fact that forgiveness is synonymous with tolerance for error or lowered expectations.Which statements are correct?

• A) Statements 1 and 3
• B) Statements 2 and 3
• C) Only statement 1
• D) Statements 1 and 2

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Definitions:

Pollution Rights

Tradable permits allowing the holder to emit a certain amount of pollution, used to control the level of pollutants by setting a market price for emissions.

Moral Hazard

A situation in finance and insurance where one party takes on excessive risk because they don't bear the full consequences of their actions.

Government Bailouts

Financial support provided by a government to prevent the bankruptcy of a failing business or sector, aiming to stabilize the economy.

Coase Theorem

a principle that asserts that in the absence of transaction costs, parties can negotiate solutions to externalities among themselves, regardless of the initial allocation of property rights.