The Highest Priority and First Strategy Required for Any Organizational

question 89

Multiple Choice

The highest priority and first strategy required for any organizational change is to:

• A)fire several senior executives in the organization.
• B)introduce stress management counseling.
• C)train employees who do not possess the skills required under the new conditions.
• D)communicate the need for change and keep employees informed about what they can expect from the change effort.
• E)negotiate a new set of relations among those who will clearly lose out from the change.

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Definitions:

Marginal Cost

The increase in cost that arises from producing one additional unit of a good or service. It's a measure of the cost of producing one more unit of a good.

Fixed Cost

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance expenses.

Profit-Maximizing

The process or strategy used by businesses to achieve the highest possible profit from their operations, often by optimizing production and pricing.

Marginal Cost

The extra expense incurred for producing an additional unit of output, emphasizing the concept of incremental cost analysis.