The Most Massive Scope of Change in an Organization Is

question 88

Multiple Choice

The most massive scope of change in an organization is known as:

• A)incremental change.
• B)strategic change.
• C)transitional change.
• D)transformational change.

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Definitions:

Arbitrage

The practice of taking advantage of a price difference between two or more markets, buying low and selling high to profit from the temporary difference.

Overconfidence

A cognitive bias characterized by an individual's unjustifiable faith in their own intuitive reasoning, judgments, or cognitive abilities.

Financial Wisdom

The knowledge and understanding necessary for making prudent financial decisions, encompassing personal finance, investing, budgeting, and saving strategies.

Representativeness Heuristic

A cognitive shortcut used in decision-making, where the likelihood of an event is judged by how much it resembles existing stereotypes.