If Markets Are Not Competitive

question 87

Multiple Choice

If markets are not competitive:

• A) prices will still send the correct signal in a free market.
• B) the invisible hand does not work perfectly.
• C) there will be an ideal balance between industries.
• D) there will be significant externalities.

Understand the GLOBE project's research findings on cultural clusters and leadership dimensions.

Grasp the role congruity theory and its explanation of women's underrepresentation in leadership.

Identify the variability of leadership effectiveness across different cultures.

Comprehend implicit leadership theory and culturally endorsed implicit leadership theory.

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Definitions:

Mechanistic Structures

Organizational structures characterized by rigid hierarchies, strict rules, and centralized decision-making, typical in stable environments.

Organic Structures

Flexible and adaptive organizational structures that are characterized by decentralized authority, low levels of formalization, and high levels of horizontal communication.

Organisational Design

The process of structuring an organization's roles, responsibilities, and systems to achieve its goals and strategy effectively.

Loose-Tight Structure

An organizational approach that combines flexible, adaptive elements with strict, controlled processes to manage complexity.