An Organization in Which Managers Do All That They Can

question 26

Multiple Choice

An organization in which managers do all that they can to maximize the ability of subordinates to think creatively so as to maximize the potential for organizational learning is called:

• A)A learning organization
• B)A dialectical organization
• C)A skunksworks
• D)An intuitive organization
• E)A heuristics organization

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Definitions:

Vertical Demand Curve

A vertical demand curve is a theoretical representation where the quantity demanded is completely insensitive to price changes, indicating that consumers are willing to buy the same amount regardless of the price.

Elasticity

A measure of how much the quantity demanded or supplied of a good or service changes in response to a change in price, income, or other factors.

Perfectly Elastic

A situation in demand or supply where the quantity demanded or supplied changes by an infinite amount in response to any change in price.

More Elastic

Referring to a greater sensitivity of quantity demanded or supplied to changes in price, compared to goods or services with less elasticity.