Which Two of the Following Statements Explain Why the Taken-

question 41

Multiple Choice

Which two of the following statements explain why the taken- for- granted nature of culture is centrally important in relation to the management of strategy?

• A) It is easier to change the paradigm than it is to change particular aspects of the culture.
• B) Managers generally stand outside the culture so may not have a clear understanding of it.
• C) Because it is difficult to observe, identify and control it is difficult to manage.
• D) Organisations can be captured by the their culture, making it very difficult to change strategy outside the bounds of that culture.

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Definitions:

Classified Balance Sheet

A financial statement that organizes assets, liabilities, and equity into subcategories for detailed understanding.

Unclassified Balance Sheet

A balance sheet that presents assets and liabilities in a lump sum, without dividing them into classifications or categories.

Net Income

The amount of money a company earns after deducting all its expenses, taxes, and costs from its total revenue.

Closing Entries

Journal entries made at the end of an accounting period to transfer balances from temporary to permanent accounts and prepare the company's books for the next period.