In Studying Situations Where People Are Exposed to New Circumstances,organizational

question 30

Multiple Choice

In studying situations where people are exposed to new circumstances,organizational researcher Karl Weick has concluded that _____.

• A) thinking and acting in established routines can contribute to many poor decisions
• B) it is best to rely on tried and true ways of reacting
• C) past experience is the best guide for present and future action
• D) crisis situations are best handled by managers

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Definitions:

Financial Markets

Platforms where buyers and sellers trade financial securities, commodities, and other fungible items of value at low transaction costs and at prices that reflect supply and demand.

Real Rate Of Return

The annual percentage of profit or loss on an investment adjusted for inflation.

T-Bill Rate

The interest rate paid by U.S. Treasury bills, considered a benchmark for the risk-free interest rate.

Inflation Rate

A surge in the broad cost of goods and services, leading to a fall in the power to purchase.