In the U.S. Today

question 54

Multiple Choice

In the U.S. today:

• A) most banks are federally chartered.
• B) most banks are state chartered.
• C) there are approximately equal numbers of state and federally chartered banks.
• D) all new banks are federally chartered.

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Definitions:

Bottom-up Change

A change strategy where ideas and initiatives originate from lower-level employees and move upward through the organizational hierarchy.

Top-down Change

What occurs when change initiatives come from senior management.

Incremental Change

Gradual, step-by-step modifications or improvements made to processes, systems, or products over time, rather than dramatic or radical transformations.

Outside-in Change

An approach to change management that starts with external market or environmental sentiments and trends, then works inward to adjust organizational strategies, structures, and processes.