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When Managers Respond to the Latest Management Fad in an Attempt

question 29

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When managers respond to the latest management fad in an attempt to be seen as professional and modern or progressive mangers change the organization in line with the latest innovation in management practices, it is known as change due to:


Definitions:

Liabilities

Financial obligations or debts owed by a business to outsiders, such as loans, accounts payable, or mortgages.

Owner's Equity

The total assets minus total liabilities of an individual owner in a business, representing the owner's residual interest in the company.

Liabilities

The financial obligations or debts of a business entity, which are settled over time through the transfer of economic benefits including money, goods, or services.

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