In Assessing the Need for Organizational Change, Managers Must

question 99

Multiple Choice

In assessing the need for organizational change, managers must

• A)identify the obstacles to change at the corporate and individual levels.
• B)plan how they are going to attain the organization's ideal future state.
• C)recognize that there is a problem and identify its source.
• D)implement change from the top down or from the bottom up.

---

Definitions:

Corporation

A legal entity owned by shareholders, offering limited liability and existing independently of its owners.

Times Interest Earned

A financial metric indicating how many times a company's operating income can cover its interest expense, used to assess financial stability.

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenues.

Interest Expense

The cost incurred by an entity for borrowed funds; interest expense is a non-operating cost shown on the income statement.