Refer to the Scenario Below to Answer the Questions That

question 91

Multiple Choice

Refer to the Scenario below to answer the questions that follow.
Fred's Situation (Scenario)
Fred was not handling the change in his department well.The company had recently changed hands,and even though no jobs had been lost,people had been changing jobs and were being asked to move to different locations.The new leadership had a completely different outlook than those people he had worked under for the past 21 years.Fred found that he was unable to concentrate at work and generally felt like he did not like his job anymore.At home,he was getting headaches and having trouble sleeping,which only enhanced his feeling that things were not going to work out well for him.When he thought about it,he had always hated change.He worked in the job he did partially because it was considered stable (boring to some) and predictable.Fred's new boss kept trying to convince him that he was a valuable employee and that new opportunities,along with salary increases,were in his future.Unfortunately,Fred felt like he never knew what to expect the next day and what Fred really wanted was to have things the way they used to be.
-Fred is obviously resistant to the change being introduced in his organization.Which of the following reasons is most likely the primary driver of Fred's resistance?

• A)habit
• B)concern over personal loss
• C)uncertainty
• D)belief that change is not in the organization's best interest
• E)distrust of management

---

Definitions:

Expense

Expense is the cost of operations that a company incurs to generate revenue, encompassing everything from rent and salaries to utilities and materials.

Periodic Inventory Method

An accounting method which involves physically counting the inventory at specific intervals to determine the cost of goods sold and the ending inventory balance.

Income Summary

An account used in the closing process that aggregates all income and expenses to determine the net income or loss for the period.