Which of the Following Statements About the Creative Decision-Making Model

question 80

Multiple Choice

Which of the following statements about the creative decision-making model is INCORRECT?

• A)Creativity is the generation of new,imaginative ideas.
• B)The dynamic nature of today's organizations,including structural changes and cost cutting,have driven creativity in the business.
• C)Problem identification is the first step in the creative decision making model.
• D)Innovation and creativity are the same process.

---

Definitions:

Rent Seeker

An individual or entity that seeks to increase their own wealth without creating new wealth, often by exploiting control over resources or manipulating regulations.

Rent-seeking Behavior

Activities aimed at increasing one’s share of existing wealth without creating new wealth, often through manipulation or exploitation of the economic environment.

Gasoline Price Supports

Governmental interventions aimed at stabilizing or raising the market price of gasoline through mechanisms like subsidies, taxes, or setting minimum prices to benefit producers.

Deadweight Loss

An economic inefficiency that occurs when the equilibrium for a good or service is not achieved, leading to a loss of economic value.