This Chapter Discusses How Each Organization Has Its Own Culture

question 32

Essay

This chapter discusses how each organization has its own culture and sets of values shared by most of its members.What kind of shared values might you find at a law firm?

---

Definitions:

Net Initial Investment

The total upfront cost required to initiate an investment, including all relevant expenses minus any cash inflows.

Sunk Costs

Denotes expenses that have already been incurred and cannot be recovered.

Project Accepted

A term describing the status of a project that has passed evaluation stages and has been approved for implementation.

Incurred Costs

Costs that have been realized or expended in the course of business operations.