According to Kotter, One of the Key Tasks of Effective

question 50

Multiple Choice

According to Kotter, one of the key tasks of effective general managers in change situations is

• A) managing their time
• B) addressing personal knowledge gaps
• C) evaluating the capabilities of their direct reports
• D) building networks

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Definitions:

Tax Avoidance

Tax avoidance involves legally exploiting the tax system to reduce tax liabilities, such as through deductions and credits, as opposed to tax evasion, which is illegal.

Tax Loss

Tax loss refers to a situation where business expenses exceed its incomes, which can be used to offset other taxable income.

Economies of Scale

Cost advantages a business obtains due to expansion, characteristically causing a decrease in fixed costs per unit of production.

Conglomerate Mergers

Conglomerate mergers involve companies from unrelated business activities or industries merging, often to diversify business operations and risk.