The Ability to Adapt to Change Is Critical to an Organization

question 46

Multiple Choice

The ability to adapt to change is critical to an organization because _____.

• A)reliance on one management style may not be appropriate as circumstances change
• B)society is placing new demands for social responsibility on business
• C)technological and environmental change is increasing
• D)all of the above
• E)none of the above

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Definitions:

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price.

Excess Demand

A situation in which the demand for a product exceeds the supply at a set price, leading to shortages.

Bluetooth Headsets

Wireless headsets that use Bluetooth technology to connect with devices such as smartphones, computers, or other electronic devices for audio transmission.

Quantity Demanded

The amount of a good or service that buyers are willing and able to purchase at a specific price.