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One Reason People Resist Change Is That It Substitutes Ambiguity

question 136

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One reason people resist change is that it substitutes ambiguity for uncertainty.


Definitions:

Rate of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment's initial cost.

Marginal Costs

The price increase resulting from the creation of an additional unit of a product or service.

Marginal Costs

The heightened cost linked to the creation of an extra unit of a product or service.

Inverse Demand Function

A mathematical representation that expresses the price of a good or service as a function of the quantity demanded.

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