What Are the Steps Involved in the Organizational Change Process

question 36

Multiple Choice

What are the steps involved in the organizational change process?

• A)Use benchmarking to compare performance, implement the bottom-up change, overcome obstacles, and evaluate
• B)Decide on the change to make, identify the obstacles, introduce the change, and evaluate
• C)Use benchmarking to compare performance, implement the top-down change, overcome obstacles, and evaluate
• D)Assess the need for change, decide on the change to make, implement the change, and evaluate
• E)Assess the need for change, introduce and manage the change, identify and overcome obstacles to the change, and evaluate

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Definitions:

Consolidated Cost

The total cost that combines figures from a parent company and its subsidiaries, reflecting the overall expenses incurred and eliminating intercompany transactions.

Normal Markup

The standard increase over cost that a business applies to its products or services to determine the selling price.

Common Stock

A form of corporate equity ownership, a type of security that represents ownership in a corporation and a claim on a proportion of its profits.

Gain Recognition

The process of recording increases in asset value, typically when assets are sold for more than their book value.