An Ability Is a Stable and Enduring Capability to Perform

question 7

True/False

An ability is a stable and enduring capability to perform a variety of tasks.

Outline different types of organisational change and their objectives.

Understand the role of a manager as a change agent in the workplace.

Recognize the different targets for planned organizational change.

Distinguish between planned and unplanned change.

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Definitions:

Risk-Loving

A personality trait or behavior of individuals who prefer or seek out risk in their investment choices, with the potential for high returns.

Risk-Averse

A preference for guaranteed outcomes over those with uncertainty, indicating a desire to avoid risk.

Insurance

A financial product sold by insurance companies to safeguard the purchaser against the risk of loss, damage, or liability.

Premiums

Regular payments made to an insurance company in exchange for coverage, or the additional cost paid for products or services perceived as offering greater value.