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:

Gross Profit Percentage

A financial ratio that expresses the gross profit as a percentage of sales revenue, indicating the efficiency of production and cost management.

Cost of Goods Sold

Costs directly related to the creation of a company's sold products, involving expenses for materials and workforce.

Net Income

The total earnings of a company after subtracting all expenses from revenues, which includes costs, interest, taxes, and other expenditures.

Sales

The total revenue generated from goods or services sold by a company.