If the Competitive Environment Requires Speed and Flexibility, an Organizational

question 63

Multiple Choice

If the competitive environment requires speed and flexibility, an organizational culture should embody values that support adaptability and collaboration across departments. This is an example of:

• A) external adaptation.
• B) vertical integration.
• C) internal integration.
• D) diversification.

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Definitions:

Clearinghouse

Established by exchanges to facilitate transfer of securities resulting from trades. For options and futures contracts, the clearinghouse may interpose itself as a middleman between two traders.

Taxation

The process whereby authorities impose financial charges on individuals or legal entities, which can have implications for investment decisions.

Futures Trading

Involves buying and selling futures contracts which are agreements to buy or sell an asset at a future date for a price that is decided now.

Cumulative Year-End

Refers to the aggregate total of something such as earnings or dividends at the end of a fiscal year.