Author Question: Change is best implemented when: A) Reason for the change is least understood B) Individuals ... (Read 95 times)

Charlie · **on:** Jul 8, 2018

Change is best implemented when:

A) Reason for the change is least understood
B) Individuals participate in the change
C) Management insists on the change
D) Change causes stress

Question 2

Three premises on which the study of economics is based are:

a. price elasticity, choice, and scarcity
b. scarcity, choice, and preference
c. choice, price elasticity, and preference
d. price elasticity, scarcity, and cost maximization

Pariscourtney · **Reply #1 on:** Jul 8, 2018

Answer to Question 1

B

Answer to Question 2

B
The three principles upon which the study of economics is based are scarcity (resources exist in specific finite quantities and the consumption demand is generally greater than the supply), choice (decisions are made about which commodities or resources to select and produce), and preference (individual and societal influence impact on which items or services are preferred and which are not).