Many Companies Continue to Use the Payback Method Because It

question 76

Multiple Choice

Many companies continue to use the payback method because it is

• A)inexpensive to use.
• B)more favorable in its short-term effects on earnings.
• C)an immediate cash payment.
• D)a longer loan program.

Distinguish between the steps involved in various change processes and models.

Recognize the importance of internal and external forces in organizational change.

Understand the significance of the patient's or individual's belief in the success of change.

Identify the stages in Rogers's five-stage diffusion of innovations model.

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Definitions:

Erik Erikson

A developmental psychologist and psychoanalyst known for his theory on the psychosocial development of human beings.

Jonathan Haidt

A psychologist known for his research on morality, emotions, and the moral foundations theory.

Lawrence Kohlberg

A psychologist known for his theory of moral development, which proposes that morality progresses through a series of stages.

Jean Piaget

A Swiss psychologist known for his pioneering work in child development and his theory of cognitive development in children.