Which of the Following Is True About Personal Change

question 3

Multiple Choice

Which of the following is true about personal change?

• A)The most effective leaders focus on improving the team, rather than themselves.
• B)Radical changes are more important for leaders than small changes.
• C)The process of personal change may follow the same steps as organizational change.
• D)Small personal changes do not require much effort.

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Definitions:

Financial Break-even

Financial break-even is the point at which a company's revenues exactly cover its expenses and financial charges, resulting in neither profit nor loss.

Net Present Value

The difference between the current value of cash inflows and the current value of cash outflows over a period of time, used to assess the profitability of an investment.

Project

A planned set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations.

Variable Cost

Financial obligations that are directly tied to the scale of manufacturing or sales, involving components such as labor and materials.