The Highest Priority and First Strategy Required for Any Organizational

question 154

Multiple Choice

The highest priority and first strategy required for any organizational change is to

• A)communicate the need for change and keep employees informed about what they can expect from the change effort.
• B)train employees who do not possess the skills required under the new conditions.
• C)fire several senior executives in the organization.
• D)negotiate a new set of relations among those who will clearly lose out from the change.
• E)introduce stress management counselling.

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Definitions:

Obligation To Buy

A commitment or requirement to purchase a specified asset at a predetermined price, typically within a certain timeframe.

Underlying Stock Price

The current market price of the stock on which a derivative contract, such as an option, is based.

Call Option

A financial contract that gives the holder the right, but not the obligation, to buy a stock, bond, commodity, or other asset at a specified price within a specific time frame.

Time To Expiration

The duration remaining until the expiry of a contract, particularly relevant for options and other derivatives.