Which of the Following Statements Is True with Regard to Steps

question 115

Multiple Choice

Which of the following statements is true with regard to steps to effecting successful cultural change?

• A)Renaming a firm and creating a new logo for it constitutes a cultural change.
• B)Replacing the staff employees but not the CEO can ensure the establishment of a new value system in a firm.
• C)Slowly conveying information on a "need-to-know basis" only to employees ensures the firm establishment of a new value system for the firm.
• D)Thoughtfully developed,well administered training programs help establish new corporate norms of behavior.

Grasp the fundamentals of Management by Objectives (MBO) and its implementation in organizational settings.

Describe the key elements involved in managing by objectives, including goal setting, performance measurement, and feedback mechanisms.

Comprehend the various types of control in management and their applications.

Understand the progressive discipline system and its role in managing employee performance.

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Definitions:

Federal Unemployment Compensation Tax

A tax imposed on employers to fund the federal government's oversight of the state unemployment insurance programs.

Quick Ratio

A liquidity metric that evaluates a company's ability to pay its current liabilities without needing to sell inventory, calculated as (Cash + Marketable Securities + Accounts Receivable) / Current Liabilities.

Current Liabilities

Obligations or debts that a company is expected to pay off within one year or within its normal operating cycle.

Quick Ratio

A measure of a company’s ability to meet its short-term obligations using its most liquid assets, excluding inventory.