All of the Following Statements About Change Are True EXCEPT

question 85

Multiple Choice

All of the following statements about change are true EXCEPT

• A) An organisation may resist change.
• B) Change is inevitable.
• C) An organisation may promote change.
• D) Resistance to change is inevitable.
• E) Resistance to change should be eliminated.

---

Definitions:

Total Revenue

The amount a firm receives for the sale of its output.

Nash Equilibrium

A concept within game theory where no participant can gain by a unilateral change of strategy if the strategies of the others remain unchanged.

Profit-Maximizing

The process by which a firm determines the price and output level that returns the maximum profit.

Marginal Cost

The increase or decrease in the total cost that arises from producing one additional unit of a product.