Which of the Following Statements Is TRUE Regarding Effective Organizational

question 60

Multiple Choice

Which of the following statements is TRUE regarding effective organizational cultures?

• A) Once a corporate culture is developed, strategic leaders can focus on other activities.
• B) A strategy that is historically new for a firm should be implemented by incremental changes in the organization's culture.
• C) A central task of strategic leaders is to revise the corporate culture on an annual basis after analyzing the changes occurring in the competitive environment.
• D) Organizational culture can be a source of competitive advantage because it influences employee behavior and how the firm's conducts its business.

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Definitions:

Federal Unemployment Tax Rate

The rate at which employers are taxed by the federal government to fund the unemployment benefit programs.

Current Liabilities

Current Liabilities are a company's debts or obligations that are due to be paid within one year and are listed on the company’s balance sheet. They typically include accounts payable, short-term loans, and other accrued liabilities.

Principal Repaid

The amount of loan or debt's original borrowing that has been or is being paid back, excluding interest payments.

Long-Term Notes

Debt securities or loans with maturities extending beyond one year, typically used for long-term financing needs.