Which of the Following Statements Is True Regarding Organizational Politics

question 106

Multiple Choice

Which of the following statements is true regarding organizational politics?

• A)Organizational politics are informal,unofficial,and even behind-the-scene efforts to influence,increase power or achieve objectives.
• B)Politics arise in an organization when there is a surplus of resources.
• C)Effective politics is all about winning at all costs.
• D)Organizational politics are universally bad for organizations.

Calculate expected utility to make informed decisions in uncertain situations.

Understand the role and calculation of insurance in managing risks.

Recognize the difference between expected value and expected utility.

Determine utility levels from given income data.

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Definitions:

Payoff Table

A decision-making tool used in statistics and business to show the expected outcomes of different decisions under various states of nature.

Decision Matrix

A tool used in decision-making to evaluate and prioritize a list of alternatives or options, based on a set of criteria.

Payback Period Matrix

A conceptual tool used in finance to evaluate the time required for an investment to return its initial cost, considering various scenarios or criteria.

Payoff Table

A table used in decision making to show the possible outcomes or payoffs for different decisions under various states of nature.