Which of the Following Is an Example of Creative Destruction

question 54

Multiple Choice

Which of the following is an example of creative destruction?

• A) An economic recession forces firms out of business.
• B) Automobile production causes the wagon industry to shut down.
• C) Apple earns more economic profits than other manufacturers of MP3 players.
• D) Starbucks shuts down stores to create greater demand for its remaining outlets.

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Definitions:

Employee Discipline

The enforcement of organizational rules and policies to rectify and prevent unacceptable behavior by employees.

Progressive Discipline

A system of dealing with job-related behavior that does not meet expected and communicated performance standards, starting with the least severe action.

Organisational Expectations

The standards, goals, and performance criteria that an organization sets for its employees or members to guide their behavior and work output.

Clan Control

Influences behaviour through norms and expectations set by the organisational culture.