Which Approach to Change Is Both Strategic and Reactive

question 37

Multiple Choice

Which approach to change is both strategic and reactive?

• A) tuning
• B) adaptation
• C) reorientation
• D) re-creation

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Definitions:

Common Size Statements

Financial statements that present all items in percentage terms; percentage of total assets for balance sheets and percentage of sales for income statements.

Common-base Year Financial Statement

A financial analysis technique where all values are presented relative to a specified base year, facilitating comparison over time.

Base Amount

The initial sum of money used as a reference or starting point for calculations, often related to financial calculations or transactions.

Sources of Cash

Various origins from which a business or individual can obtain funds, including operations, financing, and investing activities.