Which of the Following of Likert's Four Systems of Management

question 22

Multiple Choice

Which of the following of Likert's four systems of management relates to managers using rewards occasionally, but also punishment, information flow is mostly downward, and most decisions are made at the highest levels?

• A) System 1
• B) System 2
• C) System 3
• D) System 4

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Definitions:

MR

Marginal Revenue refers to the increase in revenue that results from the sale of one additional unit of output.

Industry Entry

The process by which new competitors enter an existing market or industry.

Continue Operate

The decision for a business to keep running its operations despite facing challenges or not achieving expected results.

Loss

A decrease in money, resources, or value, often occurring when expenses exceed revenues in a business context or reflecting personal financial setbacks.