Which Reason as to Why the Applicability of OD and Practicing

question 8

Multiple Choice

Which reason as to why the applicability of OD and practicing OD in a global environment is actually the same as assessing it in a single culture?

• A) Culture-bound theory and practice
• B) Evaluation is difficult
• C) Variation in meaning
• D) Hidden assumptions about monolithic practices and values

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Definitions:

Cyclical Unemployment

When people are out of work because the economy is operating below the full-employment level. It rises sharply during recessions.

Classical Economists

Economists from the late 18th and early 19th centuries who focused on the development of concepts like supply and demand, and the invisible hand theory.

Market Economy

A type of economic system where supply and demand determine the production of goods and services with minimal government intervention.

Prices

The amount of money required to purchase a good or service, determined by factors like supply and demand, production costs, and competition.