As a Change Agent, Tommy Has Ensured That There Has

question 66

Multiple Choice

As a change agent, Tommy has ensured that there has been constant communication with his employees to make sure they know what is going on and understand how it affects their jobs. Which organizational barrier to change is he trying to remove?

• A) uncertainty avoidance
• B) fear of loss
• C) risk that is too low
• D) excessive focus on costs

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Definitions:

Marginal Revenue

Marginal Revenue is the additional income acquired from selling one more unit of a product or service, crucial for determining optimal production levels.

Cost Function

A mathematical relationship that describes how production costs change with variations in output level.

Reaction Curves

Graphs showing how one firm’s optimal output decision responds to quantities of output by competing firms in a market.

Simultaneous Equations

A set of equations containing multiple variables that are all solved together.