The Primary or Dominant Values That Are Accepted Throughout the Organization

question 17

Multiple Choice

The primary or dominant values that are accepted throughout the organization are known as _______.

• A) shared values
• B) foundational values
• C) core values
• D) manifestos
• E) institutional traits

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Definitions:

Personal Liability

The legal obligation of an individual to repay his or her debts, often extending to personal assets if necessary.

Double Taxation

The imposition of two or more taxes on the same income, asset, or financial transaction, often occurring with income taxed both at corporate and personal levels.

Firm Life

The period during which a company operates, from its inception to the point it ceases operations or is dissolved.

Ease of Formation

The simplicity with which a business or company can be legally established, often considered in the context of different types of business entities like corporations, partnerships, and sole proprietorships.