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:

Income

Money that an individual or business receives, typically as payment for goods or services or through investments.

Consumer Equilibrium

Consumer Equilibrium is the state where a consumer has balanced their expenditures across different goods to maximize total utility given their budget constraint.

Utility

In economics, the satisfaction or benefit derived from consuming a product or service.

Consumer Equilibrium

The point at which the amount of a product demanded by consumers equals the amount supplied, leading to a stable market price.