Which of the Following Terms Most Closely Matches to "The

question 72

Multiple Choice

Which of the following terms most closely matches to "the shared experiences,stories,beliefs,and norms that characterize an organization"

• A) organizational dynamics
• B) a business mission
• C) an ethical/value statement
• D) customer relationships
• E) corporate culture

---

Definitions:

Explicit Costs

are direct, out-of-pocket payments for expenses incurred by a business or individual.

Revenues

The total income generated by a company or organization from its activities, before any expenses are subtracted.

Economic Profit

The difference between the total revenues received by a business and the total opportunity costs of all resources used in the production.

Accounting Profit

The net income of a business as calculated by subtracting total expenses from total revenues, according to standard accounting practices.