Organizational Culture Is

question 38

Multiple Choice

Organizational culture is:

• A) the norms and value systems that are shared among the employees of an organization.
• B) the means through which a company assigns employees to specific tasks and roles and specifies how these tasks and roles are to be linked together to increase efficiency, quality, innovation, and responsiveness to customers.
• C) the process of deciding how a company should create, use, and combine organizational structure, control systems, and culture to pursue a business model successfully.
• D) the clear and unambiguous chain of command that defines each manager's relative authority from the CEO down through top, middle, to first-line managers.
• E) the principle that a company should design its hierarchy with the fewest levels of authority necessary to use organizational resources effectively.

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Definitions:

Principal Balance

The outstanding amount of a loan or mortgage that remains to be paid, excluding interest.

Mortgage Note Payable

A liability in the form of a written promise to repay a specified amount of money, along with interest, secured by a mortgage on property.

Loan Principal

The original sum of money borrowed in a loan agreement, excluding interest, that must be repaid or serviced.

Interest

Interest is the cost paid for borrowing money, typically expressed as an annual percentage of the principal amount, distinct from interest charged to specific loans.