Organizations in a Turbulent and Unpredictable Environment Requiring Flexibility in Jobs

question 38

Multiple Choice

Organizations in a turbulent and unpredictable environment requiring flexibility in jobs and work processes are likely to be more successful with a(n) _____ internal pay structure.

• A)egalitarian
• B)bureaucratic
• C)loosely coupled
• D)closely tailored

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Definitions:

Triple Bottom Line Approach

A business strategy focusing on social, environmental, and financial success simultaneously.

Maximizing Profits

The process of increasing the difference between the revenue generated and the costs incurred by a business.

Economic Conditions

The state of the economy at a given time, influenced by factors like inflation rates, unemployment levels, GDP growth, and market demand.

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.