If You Have a Checking Account at a Local Bank

question 57

Multiple Choice

If you have a checking account at a local bank, your bank account there is a(n)

• A)asset to the bank and an asset to you.
• B)liability of the bank and a liability of yours.
• C)liability of the bank and an asset to you.
• D)asset to the bank and a liability of yours.

Understand the concept of organizational change and its association with negative well-being.

Identify different types of responses to change (champions, coverts, resistors).

Recognize the role of personal identification with an organization in resistance to change.

Understand the triggers for defense mechanisms in response to the need for change.

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Definitions:

Calendar Time

The concept of time as measured by calendar units, such as days, months, and years, used in planning and scheduling.

Long Run

An economic phase where all elements of production and expenses can fluctuate, enabling complete adaptation to any alterations.

Normal Profit

The minimum profit necessary for a company to remain competitive in the market, equating to the opportunity cost of capital and resources.

Implicit Costs

Indirect expenses that do not involve a direct cash outlay but represent an opportunity cost, such as using resources for one purpose over another.