Kotter (1996) States That There Are Steps Toward the Process

question 18

Multiple Choice

Kotter (1996) states that there are steps toward the process of change which include:

• A) The leader must develop a vision that relates the results of the change
• B) Short term victories must be achieved
• C) Successes should become the bases for the next set of short-term wins
• D) All of the above

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Definitions:

Liquidity Preference Theory

is the hypothesis that investors prefer to have liquid rather than illiquid assets and will demand higher yields for longer-term securities that are less liquid.

Aggregate Demand Curve

A graph showing the total demand for goods and services within an economy at different price levels.

Aggregate Demand

The total demand for all goods and services within an economy at various price levels, over a specific time period.

Price Level

A measure of the average prices of goods and services in an economy at a given time.