Northstar Insurance is about to begin using a program that will change the way its adjusters settle insurance claims. Adjusters will be able to complete an adjustment and issue a check right at the scene of the accident. Although employees are uncertain that the new system will work, other insurance agencies have been successful with this approach. At Northstar Insurance, the new program represents ________ change.
A. motivated
B. innovative
C. adaptive
D. radically innovative
E. refusal to
B. innovative
Innovative change is the introduction of a practice that is new to the organization. This form of change involves moderate complexity, cost, and uncertainty. It is therefore apt to trigger some fear and resistance among employees.
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If the Open-Market Desk at the Fed sells securities, the most likely effect is that the
A. federal funds rate decreases. B. primary credit discount rate decreases. C. primary credit discount rate increases. D. federal funds rate increases.
Assume that the custodian of a $500 petty cash fund has $62 in currency plus $412 in receipts at the end of the month. The entry to replenish the petty cash fund will include
A) a credit to Cash for $412. B) a credit to Cash Short and Over for $26. C) a debit to Petty Cash for $438. D) a credit to Cash for $438.
Which of the following rights is generally assignable in the United States?
A) personal service contract B) a future right C) legal action D) recovery of debt
A form of open innovation is ________, in which companies ask for opinions from a large and relatively undefined group of people outside the company.
Fill in the blank(s) with the appropriate word(s).