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:

Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment within an economy.

Long-run Phillips Curve

A graphical representation showing the relationship between inflation and unemployment when inflation expectations are fully adjusted to actual inflation.

Natural Rate

The long-term unemployment rate that is observed once the effect of short-term cyclical factors has been removed, considered to be the rate of unemployment consistent with a stable rate of inflation.

Short-run Phillips Curve

A curve illustrating the inverse relationship between the rate of inflation and the rate of unemployment in an economy for a short-term period.