What Common Mistake Do Organizations Make That Results in Reduced

question 103

Multiple Choice

What common mistake do organizations make that results in reduced effectiveness of the organizational rules?

• A) share the reasons for the rules with employees
• B) review the rules that are critical to work success only periodically
• C) restate any rules that have not been enforced on a consistent basis
• D) allow managers to interpret rules according to experience and judgment

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Definitions:

Negotiability

The characteristic of a financial instrument that allows it to be transferred from one party to another in a form of exchange.

Holder in Due Course

A term referring to a party who has acquired a negotiable instrument in good faith and for value, and thus has certain protections.

Marketability

The ease with which an asset or security can be sold or bought in the market without affecting its price.

Commercial Utility

The usefulness or value that a product or service provides in a commercial setting, often measured by its ability to meet the needs of a business or consumer market.