One of the Key Challenges for Managers in Today's Organizations

question 95

Multiple Choice

One of the key challenges for managers in today's organizations is to ________.

• A) be resistant to change
• B) stimulate tolerance for change
• C) conform to norms and practices
• D) be static in nature
• E) follow age-old rules rigidly

---

Definitions:

Private Good

A good that is both excludable and rivalrous, meaning it can only be used by one person at a time, and access to it can be restricted.

Excludable

A characteristic of a good or service that allows owners or producers to prevent others from using it without permission or payment.

Rival

An entity competing against another in the same market, striving for a greater share of assets, customers, or recognition.

Nonexcludable

A property of a good where it is not possible to prevent individuals from consuming the good, regardless of whether they have paid for it.