Which of the Following Is an Advantage of Education

question 45

Multiple Choice

Which of the following is an advantage of education + communication as a strategy for overcoming resistance to change?

• A)No other approach works as well with adjustment problems.
• B)Once persuaded, people will often help with the implementation of the change.
• C)Sometimes it is a relatively easy way to avoid major resistance.
• D)It is a relatively quick and inexpensive solution to resistance problems.
• E)Any relevant information people have will be integrated into the change plan.

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Definitions:

Short-run Economic Profits

Profits earned by a firm in the short run, where not all inputs can be varied and some fixed costs are still incurred.

Competitive Industries

Sectors of the economy where businesses actively compete with each other to offer goods or services to consumers, often characterized by low barriers to entry and a high level of innovation.

Allocative Efficiency

A state of resource allocation where goods and services are distributed according to consumer preferences, maximizing overall societal welfare.

Productive Efficiency

A situation where a firm or economy produces output at the lowest possible cost, using all its resources efficiently.