While Managers Should Worry About Communication During the Change Process

question 20

True/False

While managers should worry about communication during the change process, they need not worry about educating their employees.

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Definitions:

Substitution Effect

The effect of a change in the price of a good or service on the demand for that good or service, due to consumers switching to or from substitutes.

Wages

The fixed regular payment, usually calculated on an hourly, daily, or weekly basis, paid by an employer to an employee for work performed.

Leisure

Time spent away from work and other obligations, used for relaxation or chosen activities.

Uber

A technology platform that offers services such as ride-hailing, food delivery, and a freight transportation, revolutionizing traditional transportation and logistic services.