The Contingency Anchor of Organizational Behaviour States That

question 60

Multiple Choice

The contingency anchor of organizational behaviour states that:

• A)we should have a second OB theory to explain the situation in case our first choice doesn't work.
• B)OB theories must view organizations as systems that need to adapt to their environments.
• C)there is usually one best way to resolve organizational problems.
• D)a particular action may have different consequences in different situations.
• E)All of the answers are correct.

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Definitions:

Monopolistically Competitive

Describes a market structure where many firms sell products that are similar but not identical, allowing for product differentiation and some control over price.

Oligopolistic

Pertaining to a market structure where a small number of firms dominate the industry, leading to limited competition and high barriers to entry.

Decision Variable

A variable that decision makers control in planning and decision-making processes, representing choices available to achieve an objective.

Price Takers

Economic agents who accept market prices as given because they do not have enough market power to influence those prices.