Only Some Organisations Have an Organisational Culture; This Depends Upon

question 5

True/False

Only some organisations have an organisational culture; this depends upon whether an organisation has a mission and/or vision statement that is actively promoted and endorsed by senior figures in the organisation.

---

Definitions:

Closely Held Corporations

Companies whose shares are owned by a small group of individuals or families, often with restricted stock sales.

Parent-subsidiary Relationships

The connection between a parent company that controls another company (subsidiary) through ownership of a majority of voting stock or influence.

RMBCA

Stands for the Revised Model Business Corporation Act, which is a model set of laws proposed to standardize the regulation of corporations across the United States.

Adopted

Refers to the acceptance or taking on of something, such as a law, resolution, amendment, or child, as one's own.