If You Don't Understand Something, Don't Let Your Manager Know

question 3

True/False

If you don't understand something, don't let your manager know. Instead, you can impress her or him by trying to figure out everything on your own.

Recognize the importance of shared assumptions and philosophies as the core of organizational culture.

Distinguish between different levels of culture in terms of their resistance to change.

Identify components, such as dominant values and philosophies, as representatives of organizational culture.

Understand issues of external adaptation and survival that organizations face.

---

Definitions:

Retaining Earnings

Profits that a company reinvests in itself instead of paying out to shareholders as dividends.

Flotation Costs

Those costs occurring when a company issues a new security, including fees to an investment banker and legal fees.

New Common Shares

Issuance of additional shares of a company's stock, which can dilute existing shareholders' equity but raise new capital for the company.

Flotation Cost

The total costs that a company faces when it issues new securities, including underwriting fees, legal fees, and registration fees.