The Organizational Capability to Be a Low Cost Producer Will

question 40

Multiple Choice

The organizational capability to be a low cost producer will require which of the following cultural beliefs?

• A) we would rather be right than quick
• B) we believe in delegation of responsibility and authority
• C) everything comes down to money
• D) new product ideas are precious

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Definitions:

Epictetus

A Greek Stoic philosopher who emphasized the importance of personal freedom and responsibility in achieving happiness.

Hedonism

A philosophical theory suggesting that pleasure or happiness is the highest good and utmost aim of human life.

Epicurus

An ancient Greek philosopher who founded Epicureanism, a philosophy that taught the pursuit of happiness through the elimination of pain and fear, emphasizing simple pleasures, friendship, and a contemplative life.

Exponent

A person who believes in and promotes the truth or benefits of an idea or theory.