People Will Resist Planned Change Due to Fear of the Unknown

question 183

True/False

People will resist planned change due to fear of the unknown, loss of confidence, loss of control, and loss of face; but not because of lack of purpose, poor timing, work overload, or disrupted habits.

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Definitions:

Income Statement

A financial report summarizing the revenues, expenses, and profits over a specified period, usually a fiscal quarter or year.

Disposal of a Segment

The process of eliminating a division, department, or segment of a business through sale, closure, or bankruptcy, impacting financial statements.

Accounting Principle

Guidelines and rules that govern the accounting process, ensuring accuracy and consistency in financial reporting.

Continuing Operations

The segments of a business that are expected to continue to operate into the foreseeable future, distinguishing from any discontinued operations.