The Common Types of Change Differ in the Degree to Which

question 60

Multiple Choice

The common types of change differ in the degree to which they are:

• A) Complex
• B) Costly
• C) Uncertain
• D) Likely to engender resistance
• E) All of the above

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Definitions:

Unemployment Insurance

The social insurance program that in the United States is financed by state payroll taxes on employers and makes income available to workers who become unemployed and are unable to find jobs.

Opportunity Costs

Choosing one option results in the forfeiture of potential gains from other available choices.

Sitting in Traffic

The state of being in a vehicular traffic jam, often resulting in delayed travel times and increased frustration.

Adverse Selection

A market process in which undesired results occur due to information asymmetry between buyers and sellers, where one party has more or better information than the other.