A Company Is Faced with the Challenge of Communicating to Its

question 18

Multiple Choice

A company is faced with the challenge of communicating to its employees a significant change in its policies. How should the management effectively communicate this change to its employees?

• A)Inform employees directly that they must accept the change.
• B)Coerce the employees to accept the change.
• C)Give the employees monetary compensation in order to accept the change.
• D)Emphasize the benefits employees gain from the change.

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Definitions:

Per Unit Profit

The profit earned from selling one unit of a product, calculated by subtracting the cost per unit from the selling price per unit.

MR = MC Rule

A principle in economics where the optimal level of output is reached when marginal revenue equals marginal cost.

Price Taker

An individual or company that must accept prevailing prices in the market of its products or services, lacking the market power to influence prices on its own.

Break Even

The point at which total cost and total revenue are equal, resulting in no net loss or gain.