Small Wins Create Commitment Because (1) They Enlarge the Importance

question 49

Multiple Choice

Small wins create commitment because (1) they enlarge the importance of any one change, (2) they help avoid resistance or retaliation, and (3) they create the image of progress. Which statements are correct?

• A) Statements 1 and 2
• B) Statements 1 and 3
• C) Statements 2 and 3
• D) Only statement 2

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Definitions:

Unrealized Inventory Profits

Profits that result from internal sales within a company or conglomerate but have not been realized through sales to external parties.

Significant Influence

A level of control that an investor has over a business entity, typically through ownership of a significant but not majority share of voting stock.

Consolidated Statement

A financial statement that aggregates the financial positions and results of operations of a parent company and its subsidiaries, presenting them as a single economic entity.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been deducted from revenues.