The Degree to Which Management Focuses on Results Rather Than

question 20

Multiple Choice

The degree to which management focuses on results rather than on the techniques and processes used to achieve these results is known as

• A)team orientation.
• B)outcome orientation.
• C)people orientation.
• D)stability.
• E)attention to detail.

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Definitions:

Maximin Strategy

The maximin strategy is a decision rule used under uncertainty, where the decision maker selects the option with the least worst outcome, maximizing the minimum gain.

Equilibrium

A condition in which the equilibrium of market supply and demand stabilizes prices.

Maximin Strategy

A decision rule used in game theory and decision-making to maximize the minimum gain that can be achieved.

Equilibrium

A state in an economy where supply equals demand, leading to a stable price for goods and services.