Which of the Following Best Defines "Organizational Culture

question 66

Multiple Choice

Which of the following best defines "organizational culture"?

• A) goals and objectives for individual departments across an organization
• B) collective understanding of beliefs and values that guide how employees act and behave
• C) written guidelines and polices that are designed to guide employee behaviour
• D) the structure and governing policies of an organization

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Definitions:

Cartels

Organizations or associations formed by businesses in the same industry to regulate production, prices, and marketing of goods, often to restrict competition.

Oligopoly

A market structure characterized by a small number of firms dominating the market, leading to limited competition.

Business Firms

Organizations involved in the production, distribution, or sale of goods and services for profit.

Large Firms

Companies that operate on a large scale, often having significant market power, extensive operations, and substantial revenues.