Which of the Following Statements Is True About Organizational Culture

question 50

Multiple Choice

Which of the following statements is true about organizational culture?

• A) The concept of organizational or corporate culture was popularized in the early 1930s.
• B) A company's organizational culture is determined by management.
• C) The focus on organizational culture by management consultants and theorists has drastically decreased over time.
• D) The official organizational culture of a company is exactly the same as its actual organizational culture.
• E) Organizational culture refers to an organization's customary, but often unstated, ways of perceiving and doing things.

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Definitions:

Fixed Exchange Rate System

A currency system where the value of a country's currency is pegged to another currency, a basket of currencies, or a commodity like gold.

Exchange Rate

The value of one currency for the purpose of conversion to another.

Governments

The governing bodies of a nation, state, or community, responsible for creating and enforcing laws and policies.

European Importer

A business or individual based in Europe that purchases goods or services from countries outside of Europe.