If Some Gain and Some Lose as the Result of a Change

question 70

Multiple Choice

If some gain and some lose as the result of a change, and it can be demonstrated that the value of the gains exceeds the value of the losses, then the change is said to be

• A) potentially efficient.
• B) inefficient.
• C) unequivocally Pareto optimal.
• D) technically efficient.

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Definitions:

Overall Set

The total collection or group of items, elements, or properties being considered or discussed.

Organization

can refer to a collective group of people structured and managed to meet a need or pursue collective goals, or the act of organizing.

Expectations

Beliefs or predictions about future events, often influencing behavior and decision-making.

Seven-step Procedure

A structured process often followed in problem-solving or decision-making that involves steps from understanding the issue to implementing solutions.