A Set of Values, Beliefs, Goals, Norms, and Rituals Shared

question 156

Multiple Choice

A set of values, beliefs, goals, norms, and rituals shared by members of an organization is called

• A) organizational factors.
• B) corporate culture.
• C) codes of conduct.
• D) ethical environment.
• E) company ethos.

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Definitions:

Business Judgment Rule

A legal doctrine that protects corporate executives' decisions when made in good faith and believed to be in the best interest of the company.

Corporate Opportunity

A legal doctrine that restricts leaders of a corporation from taking personal advantage of an opportunity that should belong to the corporation.

Safe Harbor

A provision in a law or regulation that provides protection from liability or penalty under specific situations or conditions.

Corporate Manager

An individual responsible for leading, directing, and overseeing the operations and strategy of a corporation.