Which of the Following Statements Is True of Institutional Change

question 3

Multiple Choice

Which of the following statements is true of institutional change?

• A)Institutional change is most effective in organizations pursuing multiple goals of equal importance.
• B)Institutional change makes customers value an organization's output more because of its product or service.
• C)Institutional change entails transferring the ability to effectively perform tasks from one organization to another.
• D)Institutional change agents typically focus on large-scale social problems that have proven difficult for governments or other social actors to solve.

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Definitions:

Income

The amount of money received over a period of time through work, business, investments, or other sources.

Goods

Tangible items that satisfy human wants or needs and are available for purchase.

Maximizing Utility

The economic principle that individuals seek to obtain the greatest satisfaction or utility from their consumption choices within their income constraints.

Utility

Refers to the satisfaction or benefit that consumers receive from consuming goods or services.