According to Dunphy and Stace, the Style of Change Adopted

question 28

Multiple Choice

According to Dunphy and Stace, the style of change adopted when an organization needs major adjustments to meet environmental conditions, where there is little time for participation, and where there is support for radical change is called:

• A) forced evolution.
• B) focused transition.
• C) charismatic transformation.
• D) participative evolution.

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Definitions:

Income Effect

A change in the demand for goods or services attributed to a change in consumers’ income.

Substitution Effect

An economic principle describing how changes in the price of goods lead consumers to replace these goods with cheaper alternatives, affecting the quantity demanded.

Indifference Curve

An illustration representing a consumer's preference equilibrium between two products, indicating no preference difference.

Slopes Downward

Describes a line or curve on a graph that decreases in value as it moves from left to right, often used in the context of supply and demand curves.