In an Organization That Is Currently Outperforming Its Industry, the Need

question 34

Multiple Choice

In an organization that is currently outperforming its industry, the need for change is likely to be

• A) mandated
• B) anticipatory
• C) reactionary
• D) urgent

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Definitions:

Contingent Workforce

A labor pool consisting of individuals hired by an organization on a non-permanent basis, such as freelancers, contractors, or temporary workers.

Rightsizing

The process of adjusting the size of a company's workforce to improve efficiency and effectiveness, often involving layoffs or restructuring.

Peak Demand

The highest level of demand for a product or service over a particular period of time.

Accounting Software

Accounting software is a computer program that assists bookkeepers and accountants in recording and reporting a firm's financial transactions, offering features like payroll, invoicing, and ledger management.