An Effective Way to Gain Commitment and Achieve Desired Results

question 49

Multiple Choice

An effective way to gain commitment and achieve desired results is to

• A) emphasize that imposing a particular method is more important than achieving desired results.
• B) shift from specific to general issues and concerns.
• C) eliminate middle level managers from strategic decisions.
• D) switch from long-term to short-term issues and concerns.
• E) realize that it's better to achieve optimal results with an unpopular strategy than to achieve satisfactory results with a popular strategy.

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Definitions:

Risk Averse

A preference for guaranteed outcomes over those with uncertainty, even if the uncertain outcomes might offer a higher expected return.

Coin-Flip Bet

A gambling proposition where the outcome is determined by the flip of a coin, representing a 50/50 chance of winning or losing.

Wealth

The abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions.

Interest Rate

The proportion, typically expressed as a percentage, that is charged for the use of borrowed money or paid on deposited funds.