An Example of Clan Control in Operation Is When

question 90

Multiple Choice

An example of clan control in operation is when

• A) individuals in an organization act, talk, behave and dress in similar manners.
• B) the organization downsizes people of similar gender and background.
• C) the organization begins to look like the federal government.
• D) all the members of upper management vacation together.
• E) hiring practices start to suggest that nepotism is at play.

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Definitions:

Equilibrium Prices

The price at which the quantity of a good supplied is equal to the quantity demanded, leading to market balance.

Consumer Surplus

The difference in the total amount that customers are ready and financially able to invest in a good or service and the amount they truly pay.

Producer Surpluses

The difference between what producers are willing to sell their goods for and the actual price they receive.

Creative Destruction

A concept in economics implying the dismantling of long-standing practices in order to make way for innovation and advancement.