Which of the following statements is true regarding a wheel configuration of a top-management team?
A) In the wheel configuration, top managers from different functions interact with one another and with the CEO.
B) The wheel configuration works best when problems are complex and nonprogrammed decision-making is required.
C) The wheel configuration slows organizational learning.
D) Communication around a wheel configuration takes much less time than that required for communication around a circle configuration.
Question 2
A fundamental premise of ________ theory is that when making decisions, managers need to think in two related ways.
First, they need to look forward and anticipate how rivals will respond to their competitive moves and second, managers need to reason backward to determine which moves their company should pursue today given their assessment of how their rivals will respond to various future moves.
A) transaction cost
B) game
C) population ecology
D) institutional
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