Cyrus's Resort Has Proposed Some Major Structural Changes Within Their

question 146

Multiple Choice

Cyrus's Resort has proposed some major structural changes within their organization. Some of the employees fear that they will lose power with the changes. They begin voicing resistance to the changes. What barrier to change are they exhibiting?

• A) Disagreements about the benefits
• B) Self interests
• C) A lack of understanding and trust
• D) Uncertainty
• E) Goals and rewards

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Definitions:

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB) for the preparation of public company financial statements globally.

Noncontrolling Interest

It refers to the ownership in a subsidiary not attributable to the parent company, representing a minority share that does not control the company.

Assets

Economic resources owned or controlled by a business or an individual which are expected to produce future benefit.