Which of the Following Best Defines Change Management

question 79

Multiple Choice

Which of the following best defines change management?

• A)an approach to streamlining work processes to maintain universal codes
• B)an approach that familiarizes new employees in an organization with work processes
• C)an approach to the transition employees make as they switch from existing work to new processes
• D)an approach to project management that ensures that project stakeholders do not deviate from the defined project objectives

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Definitions:

Economic Value Added

A measure of a company's financial performance based on the residual wealth calculated by deducting its cost of capital from its operating profit.

Residual Income

Another term for economic value added (EVA).

Opportunity Costs

The cost of foregone alternatives when a decision is made, representing the benefits an individual, investor, or business misses out on when choosing one alternative over another.

Economic Value Added

A measure of a company’s financial performance that calculates the value created beyond the required return of the company’s shareholders.