Playfulness and Humor, Risk Taking, and Idea Support Are

question 4

Multiple Choice

Playfulness and humor, risk taking, and idea support are:

• A)Factors that are commonly found in unsuccessful organizations.
• B)Personal characteristics of effective middle-managers.
• C)Elements contributing to organizational climate for creativity.
• D)Widely held myths about traits of creative organizations.

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Definitions:

Shortage

A situation where the demand for a product exceeds its supply at a specific price.

Quota Rent

The economic rent a producer earns from the difference between the market price of a good and its supply price due to a quota limit.

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded.

Quota Price

The cost associated with acquiring a quota, which is a government-imposed limit on the quantity of a good that can be imported or exported.