One of the Mechanisms Used by Executives to Close Gaps

question 49

Multiple Choice

One of the mechanisms used by executives to close gaps in their knowledge is to

• A) appoint someone else to lead the change initiative
• B) reduce the scope of the change initiative
• C) hire a consultant
• D) extend the period of implementation

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Definitions:

Bailments

The temporary handover of control or possession of personal property by one party, the bailor, to another, the bailee, for a specific purpose.

Bailee's Sole Benefit

Bailee's sole benefit occurs when a bailment is made for the advantage of the bailee only, with no benefit accruing to the bailor.

Gratuitous Loan

A loan where the lender does not charge interest or fees, often made among family or friends or for charitable reasons.

Bailor's Sole Benefit

Refers to a situation in a bailment where the benefit of the arrangement is exclusively for the bailor, with the bailee undertaking the responsibility without receiving any benefit.