Which Approach Is Most Appropriate When Inputs Are to Organizational

question 26

Multiple Choice

Which approach is most appropriate when inputs are to organizational effectiveness rather than outputs?

• A)goal accomplishment approach
• B)internal process approach
• C)resource acquisition approach
• D)strategic constituencies approach
• E)competitive satisfaction approach

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Definitions:

Supply Curve

a graphical representation showing how the quantity supplied of a good or service varies with its price.

Marginal Cost

The expense incurred by producing one additional unit of a product.

Average Variable Cost

The total variable cost of production divided by the quantity of output produced, reflecting the average cost of each unit of output on variable factors.

Exclusive Right

A legal entitlement granting someone the sole authority to engage in a certain activity or use a specific property.