"The Central Principle of _______________ Is That of Integration; the Creation

question 12

Multiple Choice

"The central principle of _______________ is that of integration; the creation of conditions such that the members of the organization can achieve their own goals best by directing their goals toward the success of the enterprise."

• A) group development
• B) organizational development
• C) Theory X
• D) Theory Y
• E) vector analysis

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Definitions:

Economy

A system by which goods and services are produced, distributed, and consumed.

Long-Run Equilibrium

A situation in which all firms in a market are making zero economic profit, leading to a stable market condition where no new firms enter or exit.

Consumer Preference

The subjective tastes and preferences of consumers, which determine the demand for different goods and services.

Efficiency

The extent to which resources are used optimally to achieve the desired outcomes with minimum waste.