Implementing Solutions to Problems Involves People and Change

question 6

Multiple Choice

Implementing solutions to problems involves people and change. Which of the following is a suggested approach to effectively implement solutions?

• A) Decision-making authority centralized to those who have specialized training in decision making.
• B) Involve anyone affected by the decision in all steps of the problem-solving process.
• C) Making decisions according to majority vote.
• D) More skillful communication of management decisions.

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Definitions:

Balance Of Payments

A record of all financial transactions between a country and the rest of the world.

Capital Account

In economics, part of a nation's balance of payments that records all transactions involving the purchase and sale of assets such as stocks, bonds, and real estate.

Financial Accounts

Records that track the financial activities and situation of an entity, including assets, liabilities, equity, income, and expenses.

Surplus

The amount by which the quantity of a good or service supplied exceeds the quantity demanded at a specific price.