A(n) _____ Is Usually a Middle Manager Who Learns About

question 101

Multiple Choice

A(n) _____ is usually a middle manager who learns about a new project and becomes committed to it. He helps overcome organizational resistance to change and convinces others to take the innovation seriously.

• A) product champion
• B) inventor
• C) sponsor
• D) venture capitalist
• E) transformational leader

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Definitions:

Inflation

The tempo at which the aggregate cost of goods and services ascends, depleting the power of purchase.

Nominal Wage

Nominal Wage refers to the amount of money paid to workers in current dollars, without adjusting for inflation or purchasing power.

Real Wage

The purchasing power of an individual's earnings, considering inflation, reflecting the actual goods and services that wages can buy.

Labor Productivity

An indicator of economic efficiency that assesses the volume of goods and services generated (output) in relation to the total labor hours expended in their production.