The Formal and Informal Rules, Procedures, and Expectations That Define

question 40

Multiple Choice

The formal and informal rules, procedures, and expectations that define the values, attitudes, beliefs, and customs of an organization is called organizational ________.

• A) norms
• B) culture
• C) justice
• D) atmosphere

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Definitions:

Income

The financial gain received, often measured on a regular basis, through work, investments, or business ventures.

Number of Sellers

Refers to the quantity of providers or suppliers available in the market offering a similar product or service.

Market Quantity Supplied

The total amount of a particular good or service that sellers are willing and able to sell at a given price in a specific period.

Supply Curve

A graphical representation showing how the quantity of a good supplied by producers changes in response to different prices.