Which of the Following Statements Is True Regarding Effective Organisational

question 46

Multiple Choice

Which of the following statements is true regarding effective organisational cultures?

• A)Once a corporate culture has developed, strategic leaders can focus on other activities.
• B)It is not possible to develop a corporate culture into a core competency.
• C)A central task of strategic leaders is to change the corporate culture on an annual basis after analysing the changes occurring in the competitive environment.
• D)Organisational culture can be a source of competitive advantage because it influences employee behaviour and the firm's conduct in the marketplace.

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Definitions:

Insolvency

Inability of a person to pay her debts as they become due.

Bulk Sale

A transaction where a business sells its inventory or a significant portion of its goods all at once, usually under conditions other than the ordinary course of business.

Bankruptcy Legislation

Laws and regulations governing the process of bankruptcy, providing a legal framework for dealing with debt unable to be paid by an individual or entity.

Preference

A prioritization or favoring of certain options, creditors, or interests over others, often relevant in legal and financial contexts.