One of the Reasons That Change Fails Is That Managers

question 32

Multiple Choice

One of the reasons that change fails is that managers ________.

• A)expect change to happen too quickly
• B)consult with employees in great detail thus wasting time
• C)do not really know how to change
• D)are reluctant to spend the money required

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Definitions:

Break-even Sales

Break-even sales refer to the amount of revenue required to cover all fixed and variable costs, resulting in zero profit or loss.

Selling Price

The amount of money a buyer pays to acquire a product or service.

Fixed Costs

Expenses that do not change in total regardless of changes in the level of production or sales activities within a certain range.

Margin of Safety

The difference between actual sales and the break-even point, indicating the level of risk in not covering fixed costs.