What Is the Purpose of Culture in an Organization

question 21

Multiple Choice

What is the purpose of culture in an organization?

• A) To provide a perception of what it feels like to work in the organization
• B) To provide an organization's response to economic, social, and financial challenges
• C) To provide a common bond so that members know how to relate to one another and show others outside the organization what is valued
• D) To provide a small geographic area within the organization where nurses provide care

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Definitions:

DOL

Degree of Operating Leverage, which measures a company's sensitivity of operational income to its sales levels, indicating the proportion of fixed versus variable costs.

Accounting Break-Even

The point at which total revenues equal total expenses, resulting in neither profit nor loss.

Fixed Costs

Expenses that do not change based on the level of production or sales.

Required Return

The minimum expected yield by investors for providing capital to a company, considering the investment’s risk level; another perspective on the return investors seek for risk-taking.