Dale's Methods of Fitting Horseshoes Save Time and Money for His

question 56

Multiple Choice

Dale's methods of fitting horseshoes save time and money for his employer at the local ranch. However, when Dale suggests that everyone use his method, his boss, Cedric, says, "No. That's not the way we've always done it around here." Cedric's resistance to change illustrates:

• A) organizational inertia.
• B) prior strategic commitments.
• C) barriers to mobility.
• D) lack of distinctive competencies.
• E) the Icarus paradox.

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Definitions:

Stockholders

Individuals or entities that own shares in a corporation, giving them partial ownership and potentially a claim on its profits.

Millions

A numerical value representing one thousand thousands, or 1,000,000.

Cash Flow

The total amount of money being transferred into and out of a business, often used as an indicator of financial health.

Assets

Resources owned by a company that have economic value and can be converted into cash.