Adam Smith's Behavioural Assumption About Humans Was That People

question 44

Multiple Choice

Adam Smith's behavioural assumption about humans was that people:

• A)typically act irrationally.
• B)usually act in a rational, self-interested way.
• C)are consistently greedy.
• D)typically act randomly.

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Definitions:

State of Change

The phase or condition that an organization or individual undergoes when transitioning from one set of circumstances to another.

Imbalance of Forces

A situation in which the driving and restraining forces affecting change are not in equilibrium, affecting the rate and success of change processes.

Sergio Marchionne

An influential business executive known for his leadership roles at Fiat Chrysler Automobiles, among other organizations, leading significant turnarounds and company growth.

Dramatic Opportunities

Situations or scenarios that provide significant potential for impactful actions or changes.