_____  Is the Most Preferred Way for One to Deal

question 33

Multiple Choice

_____  is the most preferred way for one to deal with budget deficits.

• A) Liquidating savings and investments
• B) Borrowing money from relatives
• C) Cutting low-priority expenses
• D) Increasing income
• E) Paying all short-term liabilities

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Definitions:

Top-Down Change

involves organizational change initiatives that originate from upper management and are implemented down through the hierarchy of the organization.

Senior Managers

High-level executives who are responsible for overseeing the daily operations and making major corporate decisions.

Performance Capabilities

The range of abilities or skills that an individual or organization possesses, which can influence their performance levels in various tasks or endeavors.

Bottom-Up Change

Change initiatives that originate from lower levels of the organizational hierarchy and proceed upwards, often harnessing insights and innovation from employees.