In Deciding Whether or Not a Proposed Change to a Culture

question 37

Multiple Choice

In deciding whether or not a proposed change to a culture would be of benefit, you need to look at

• A) the short-term effects.
• B) whether the media will show it in a good light.
• C) the long-term effects.
• D) whether anyone will actually care about the change.

---

Definitions:

Goodwill Impairment

An accounting charge that occurs when the book value of goodwill exceeds its fair market value, indicating the assets are worth less than their currently recorded value.

Fair Value

An estimation of the market value of an asset or liability, reflecting the amount for which it could be exchanged or settled between knowledgeable, willing parties.

Reporting Unit

A component of an organization for which discrete financial information is available and is reviewed regularly by the operations’ segment manager.