According to the Textbook,it Is Useful to Think of the Firm

question 66

Multiple Choice

According to the textbook,it is useful to think of the firm as a(n) __________ composed of a series of distinct activities,including production,marketing,materials management,R&D,human resources,information systems,and the firm infrastructure.

• A) functional stream
• B) momentum machine
• C) inertia chain
• D) value chain
• E) business chain

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Definitions:

Contingency Model

A leadership theory that suggests the effectiveness of a leader depends on the context of the situation and the leader’s ability to adapt to it.

Task-oriented Leader

A leader who focuses primarily on the completion of tasks and achieving specific goals through organization and directive strategies.

Relationship-oriented Leader

A leader who focuses on developing good relationships with their team members and is concerned with their workers' emotions and needs.

Frustration

An emotional response to opposition, related to anger and disappointment, when a person faces resistance in achieving a goal.