Which of the Following Is a Disadvantage of the Change

question 31

Multiple Choice

Which of the following is a disadvantage of the change management style of inviting participation?

• A) It normally leads to poorer decisions than does deciding on one's own.
• B) It tends to conflict with the concept of management accountability, and the management loses some control over outcomes.
• C) It uses little of the available information to manage change.
• D) It leads to lower commitment from staff who share ownership of the decision-making process.

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Definitions:

Price Elasticity

An indicator of the responsiveness of the quantity demanded of a product or service to variations in its price.

Demand Curve

A visual chart that illustrates how the price of a product affects the amount of the product that consumers are prepared to purchase.

Monopolistic Competitor

A firm in a market structure where many companies sell products that are similar but not identical, allowing for competition based on quality, price, and marketing.

Pure Monopolist

A market structure in which a single company or entity exclusively controls the entire supply of a particular good or service, without any close substitutes.