One of the Most Difficult Management Challenges Today Is Managing

question 118

Multiple Choice

One of the most difficult management challenges today is managing change. Why is this?

• A) Change requires cooperation and an awareness of a need for change.
• B) Change requires a lot of bailout money from the government.
• C) Change requires decentralization of decision making.
• D) Change will invariably result in an inverted organization and management does not want to relinquish its position power in order to make that happen.

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Definitions:

Lacks Voluntary Consent

A situation where agreement or permission is given under duress, coercion, or misinformation, undermining the validity of a contract or decision.

Motivational Conference

An event designed to inspire and energize attendees, often featuring speakers who share success stories, strategies, and motivational insights.

Implied Contract

An agreement derived from the actions or circumstances of the parties involved, rather than explicit words.

Objective Theory Of Contracts

A theory under which the intent to form a contract will be judged by outward, objective facts as interpreted by a reasonable person, rather than by the party’s own secret, subjective intentions. Objective facts might include what a party said when entering into the contract, how a party acted or appeared, and the circumstances surrounding the transaction.