The Resources Owned by Firms That Shut Down in the Process

question 38

Multiple Choice

The resources owned by firms that shut down in the process of creative destruction:

• A)are used in activities that are identical to the failed business.
• B)are used where they have less value and thus reduce cost.
• C)move to activities where they are more highly valued.
• D)are liquidated and can never be used again.
• E)are written off and contribute to wastage in the economy.

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Definitions:

Diversity Strategy

A plan designed to promote inclusiveness and ensure representation from different demographics and backgrounds within an organization.

Seek Out Information

The proactive behavior of searching or inquiring for data, facts, or insights to satisfy curiosity or make informed decisions.

Successful Socialization

The effective integration of individuals into an organization or culture, where they learn and accept its values, norms, and practices.

Socialization Program

Planned programs designed to integrate individuals into new roles by acquainting them with the values, norms, and required behaviors of a specific society or organization.