Those Who Said So-Called Universals Were Nothing More Than Convenient

question 73

Multiple Choice

Those who said so-called universals were nothing more than convenient verbal labels were called:

• A)nominalists
• B)realists
• C)rationalists
• D)nativists

Understand different cognitive styles and their implications on work behavior and performance.

Grasp the methods through which managers can empower employees and enhance self-efficacy.

Understand the principles of performance appraisal, including its purpose, effects, and best practices.

Understand the concept of power dynamics in organizations and the various sources from where individuals and units derive power.

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Definitions:

Vertical Integration

An approach where a business grows by integrating various stages of its supply chain, including instances where a producer owns both its supplier and distributor.

Economies of Scale

Cost advantages that enterprises obtain due to scale of operation, with cost per unit of output generally decreasing with increasing scale.

Operating Efficiencies

A measure of how well a company utilizes its resources to produce goods and services, often reflecting in the reduction of costs and improvement in output.

Poison Pill

A strategy employed by companies to prevent or discourage hostile takeovers by making the company less attractive to the would-be acquirer.