Which of the Following Statements Does NOT Accurately Contrast Change

question 69

Multiple Choice

Which of the following statements does NOT accurately contrast change leadership with status quo management?

• A)Change leaders are threatened by change;status quo managers are confident of their ability.
• B)Change leaders are willing to take risks;status quo managers are bothered by uncertainty.
• C)Change leaders seize opportunities;status quo managers prefer predictability.
• D)Change leaders expect surprise;status quo managers support the current state of affairs.
• E)Change leaders make things happen;status quo managers wait for things to happen.

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Definitions:

Marginal Cost

The increase in total cost that arises from producing one extra unit of a good or service.

Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and products that are close substitutes, leading to price competition and efficiency.

Utility Functions

Represent mathematical models that quantify an individual's preference for certain bundles of goods or services under conditions of scarcity.

Public Good

An item or resource that cannot be withheld from anyone and whose consumption by one individual does not diminish its accessibility to others, characterized by being both non-excludable and non-rival.