Which of the Following Steps Should Managers Take If the Change

question 29

Multiple Choice

Which of the following steps should managers take if the change process is to succeed?

• A) Determining the need to change
• B) Determining the obstacles to change
• C) Managing change
• D) Evaluating the effects of change on organizational performance
• E) All of these are steps that strategic managers must follow if the change process is to succeed.

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Definitions:

Cash Flows

The total amount of money being transferred into and out of a business, particularly in relation to its operating, investing, and financing activities.

Net Income

The ultimate profit of a firm calculated by subtracting all outgoings and taxation from the gross revenue.

FIFO

"First In, First Out," an inventory valuation method where items produced or acquired first are sold, used, or disposed of first.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made at specific intervals, and cost of goods sold is calculated at the end of an accounting period.