Which of the Following Statements Describes an Advantage of the Results-Driven

question 32

Multiple Choice

Which of the following statements describes an advantage of the results-driven change approach to managing change?

• A) It supplants the sole emphasis on activity with a focus on quickly measuring and improving results.
• B) Managers actually test to see if changes make a difference.
• C) Quick, visible improvements motivate employees to continue to make additional changes.
• D) Managers introduce changes in policies, procedures, rules, and regulations only when they will improve measured performance.
• E) All of these were cited as advantages of the results-driven change approach.

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Definitions:

Labor Demand Elasticity

The sensitivity of employers' demand for labor to changes in the price or cost of labor, reflecting how much the quantity of labor demanded responds to changes in wages.

Total Costs

The cumulative costs associated with the complete process of producing and selling a product or service.

Labor Cost

The total expenditure incurred by employers for the wages, benefits, and taxes of their workforce.

Marginal Revenue Productivity

The additional revenue generated by hiring one more unit of a factor of production, such as labor.