A Lack of Participation Error Is Most Likely to Occur

question 120

Multiple Choice

A lack of participation error is most likely to occur when:

• A) the planning process becomes an end in itself.
• B) the performance of top management is not monitored.
• C) key persons are not included in the strategic planning.
• D) there is lack of efficiency in vertical communication.
• E) the cost leadership strategy and the differentiation strategy are used simultaneously.

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Definitions:

Exploitation

The difference between what workers are paid and the wealth they create for the owner.

Inequality

The unequal distribution of resources, rights, and opportunities among individuals or groups in a society.

Marx

Refers to Karl Marx, a 19th-century philosopher, economist, and social scientist whose work in economics laid the foundation for much of the current understanding of labor and its relation to capital.

Social Contract

The social contract is a theory in political philosophy suggesting that people live together in society in accordance with an agreement that establishes moral and political rules of behavior.