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:

Loss Aversion

A principle in behavioral economics stating that individuals tend to prefer avoiding losses to acquiring equivalent gains.

Price Increase

A rise in the cost of goods or services over time, often measured as a percentage.

Quality Reduction

A decrease in the standard or grade of products or services, often as a cost-saving measure by producers.

Prospect Theory

A behavioral economic theory that describes how people choose between probabilistic alternatives that involve risk, where the probability of outcomes is known.