When Planned Changes Are Clearly Best for the Organization, but Certain

question 46

Multiple Choice

When planned changes are clearly best for the organization, but certain associates are fearful of the changes, change leaders can expedite the change process by:

• A) providing associates with emotional support and appropriate training.
• B) asking associates who are uncomfortable with the change to leave the organization.
• C) carefully explaining the reasons change is necessary and the potential benefits to the organization.
• D) bribing the associates with bonuses for effective implementation of change.
• E) assuring associates that proposed changes are fair and equitable.

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Definitions:

Marginal Cost

The additional cost incurred by producing one more unit of a product or service, an essential concept for understanding optimal production levels and pricing strategies.

Monopolistically Competitive

Pertaining to a market structure where many firms sell products that are differentiated from one another but can act as substitutes, thereby creating competition.

Average Total Cost

The aggregate expense of manufacturing (sum of constant and fluctuating costs) spread over the entire volume of goods produced.

Marginal Revenue

represents the extra revenue that an undertaking receives from selling one additional unit of a product or service.