Which Two of the Following Are Part of Kotter's Eight

question 11

Multiple Choice

Which two of the following are part of Kotter's eight steps to transforming the organization?

• A) Form a powerful guiding coalition
• B) Plan for and create short-term wins
• C) Communicate strategic goals
• D) Implement cost savings

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Definitions:

Revenue

Revenue is the total amount of money earned by a company from its business activities, such as sales of goods or services, before any expenses are subtracted.

Revenue Recognition

The accounting principle that dictates the specific conditions under which income becomes recognized as revenue and is reported in the financial statements.

Accounting Records

Documentation and books that contain the financial transactions and financial status of a company.

Services Rendered

Work or duties performed for a client, often resulting in payment for the service provider.