The Term ___________________ Reflects the Statement of Intent and Overall

question 83

Multiple Choice

The term ___________________ reflects the statement of intent and overall aims of an organisation (usually specified as a set of objectives) .

• A) direction
• B) purpose
• C) mission
• D) strategy
• E) None of these choices.

Outline different types of organisational change and their objectives.

Understand the role of a manager as a change agent in the workplace.

Recognize the different targets for planned organizational change.

Distinguish between planned and unplanned change.

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Definitions:

Unemployment Rate

The fraction of the employment sector that is not employed and is earnestly looking for work.

Nominal Wage

The wage paid to employees in current currency terms, without adjustment for inflation, representing the face value of earnings.

Real Wage

The purchasing power of wages, adjusted for inflation, reflecting the actual goods and services that can be bought.

Inflation Rate

The measure of inflation through the rising cost of goods and services, which diminishes the power of currency.