The Organizational Grapevine

question 154

Multiple Choice

The organizational grapevine:

• A)transmits information very slowly from higher to lower levels in the organization.
• B)tends to use communication channels that are low in media richness.
• C)ignores social relations among employees in the organization.
• D)helps employees to make sense of their workplace when the information is not available through formal channels.
• E)has all of these characteristics.

Distinguish between legally binding statements and illustrative or non-binding commentary within judicial opinions.

Recognize the correct format for citing cases, statutes, and legal authorities.

Understand the characteristics of monopolistic competition, including product differentiation and market power.

Analyze the long-run equilibrium in monopolistic competition, particularly zero economic profits and inefficiencies.

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Definitions:

Sick Man of Europe

A derogatory nickname historically used to describe a European country experiencing a period of economic difficulty or poor health, originally referring to the Ottoman Empire in the 19th century.

Ottoman Empire

was a vast and powerful empire founded at the end of the 13th century by Turkish tribes in Anatolia. It lasted until the early 20th century, encompassing parts of Southeast Europe, Western Asia, and North Africa.

Serfs

Laborers who were tied to the land in feudal societies, primarily in medieval Europe, required to provide labor, pay rents, and be subject to the lord's control.

Bloodshed

The act of killing or wounding people, usually in a violent conflict or battle.