The Shared Set of Beliefs, Expectations, Values, and Norms That

question 49

Multiple Choice

The shared set of beliefs, expectations, values, and norms that influence how members of an organization relate to one another and cooperate to achieve organizational goals is referred to as _____.

• A) organizational hierarchy
• B) organizational structure
• C) organizational design
• D) organizational culture
• E) organizational intelligence

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Definitions:

Scarcity

A fundamental economic problem of having seemingly limitless human wants in a world of limited resources, leading to the necessity of making trade-offs.

Marginal Cost

Marginal cost is the cost of producing one more unit of a good or service, which can vary depending on the level of production.

Activity

The engagement in tasks or actions, typically referring to some form of productive work or leisure actions.

Scarce Resources

Resources that are limited in supply and cannot satisfy all human wants and needs.