Which of the Following Statements Is Generally True

question 51

Multiple Choice

Which of the following statements is generally true?

• A)The larger the number of firms in an industry, the less rivalry there is.
• B)The smaller the number of firms in an industry, the greater the rivalry.
• C)The larger the number of firms in an industry, the greater the rivalry.
• D)The degree of rivalry in an industry is largely independent of the number of firms.

Know the goals of the field of organizational behaviour including prediction, explanation, and management.

Recognize the significance of human and social capital in organizational contexts.

Differentiate between organizational behaviour and human resources management.

Identify the role of leadership and its traits in organizations.

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Definitions:

Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment.

Opportunity Cost

The economic impact of dismissing the next prime alternative while reaching a decision.

Scarce Resources

Limited supplies of inputs necessary for production, leading to trade-offs and choices in their allocation.

Capital

Assets or money possessed by an individual or organization, which can be used for initiating a business or investment purposes.