Which of the Following Is True About Organizational Development

question 3

Multiple Choice

Which of the following is true about organizational development?

• A) It emphasizes macro changes
• B) It emphasizes micro changes
• C) In OD the HRD professional functions as a change agent
• D) They are all true

Understand the concept and significance of opportunity cost.

Differentiate between the cost structures of manufacturers and merchandisers.

Comprehend how cycle time is calculated and its components.

Identify and explain the components of manufacturing costs.

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Definitions:

Government's Role

Refers to the duties and functions that a government carries out to ensure the stability and growth of its nation, including legislation, public service provision, and economic management.

Private Sector

The part of the economy that is owned and operated by individuals and companies for profit, as opposed to the state.

Information Difficulties

Challenges encountered in obtaining, processing, or understanding necessary information, often affecting decision-making processes.

Government Intervention

Involves the actions taken by government or public authorities to influence the workings of the market economy.