One of the Most Difficult Management Challenges Today Is Managing

question 52

Multiple Choice

One of the most difficult management challenges today is managing change. This is because:

• A) change requires cooperation and an awareness of a need for change.
• B) change requires a lot of bail-out 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.

---

Definitions:

Required Return

The minimum return an investor expects to achieve by investing in a particular asset, considering the risk involved.

Customized Machine

A piece of equipment specifically designed and built to meet the unique requirements of a particular business or manufacturing process.

Operating

Pertains to the ongoing, day-to-day activities involved in running a business or an organization.

Marginal Tax Rate

The rate of tax applied to the last dollar of income, used to determine how much tax will be owed on an additional dollar of income.