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Pine and Acorn,a Financial Consultancy,had Introduced a New Performance Analysis

question 30

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Pine and Acorn,a financial consultancy,had introduced a new performance analysis system for its consultants.This system required that consultants update details about their work on the system,failing which their incentives would be withheld.Initially,the consultants were enthusiastic about updating the system; currently however,it is being noticed that many of them are not performing this task regularly.This represents a failure in the _____ step of Lewin's three-step model for change.


Definitions:

Statement of Cash Flows

A financial report that shows cash inflows and outflows from operating, investing, and financing activities over a specific period.

Indirect Method

Refers to a way of creating the statement of cash flows where net income is adjusted for non-cash transactions, expenses, and changes in working capital.

Merchandise

Goods bought and sold in the course of business, typically in a retail environment.

Merchandise

Goods or products that are bought and sold in retail or wholesale markets.

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