The Theory of Creative Destruction Was Advanced Many Years Ago

question 106

Multiple Choice

The theory of creative destruction was advanced many years ago by

• A)Bill Gates.
• B)Alfred Marshall.
• C)Joseph Schumpeter.
• D)Adam Smith.

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Definitions:

Social Exchange

A theory suggesting that social behavior is the result of an exchange process, aiming to maximize benefits and minimize costs.

Organizations

Structured groups of people who work together toward shared goals using resources and systems.

Two-Factor Motivation-Hygiene Theory

A theory proposed by Herzberg that suggests job satisfaction and dissatisfaction arise from two distinct sets of factors—motivation factors and hygiene factors.

Herzberg

A psychologist known for the two-factor theory, which distinguishes between factors that cause job satisfaction and dissatisfaction.