Leaders in an Organization with a Hierarchy Culture Tend to Focus

question 55

Multiple Choice

Leaders in an organization with a hierarchy culture tend to focus on ________.

• A)informal work practices
• B)relationships with all stakeholders in the market
• C)decentralization and increasing cohesion among members
• D)coordination and organization
• E)innovation and commitment to cost containment

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Definitions:

Bank Loan

A bank loan is a sum of money borrowed from a bank that must be repaid with interest over a predetermined period.

Receivables Balance

The complete amount of financial liabilities customers hold towards a company for supplied goods or services awaiting payment.

Accounts Receivable Period

The amount of time it takes for a company to collect payment from its customers after a sale has been made.