Organization Change Can Be Defined As

question 71

Multiple Choice

Organization change can be defined as:

• A) the movement of an organization away from its present state and toward some desired future state to increase its efficiency and effectiveness.
• B) the set of values and norms that control the way individuals in an organization interact with one another and work to achieve organizational goals.
• C) the process of comparing one company's performance with the performance of other,high-performing organizations.
• D) the control exerted on organizations by shared values,norms,standards of behavior,and expectations.
• E) the process in which employees of existing organizations who notice opportunities for product or service improvements are responsible for managing the development process.

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Definitions:

Potential Output

The optimum level of real gross domestic product achievable over a prolonged period without triggering higher inflation.

Expected Inflation Rate

The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling, as anticipated by consumers and businesses.

Short-run Phillips Curve

A curve illustrating the short-term trade-off between inflation and unemployment, suggesting that lower unemployment in an economy can lead to higher inflation rates.

Aggregate Demand Curve

A graphical representation that shows the relationship between the overall price level and the total demand for goods and services in an economy.