Culture Is a Powerful Operating Force That Conditions the Way

question 52

Essay

Culture is a powerful operating force that conditions the way we think and behave.To be successful in the global economy,it's important to understand the basic characteristics of culture so that we can make adjustments and adopt new attitudes.List and describe three basic characteristics of culture.

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Definitions:

Retained Earnings

The portion of a company's profits that is held or retained and not paid out as dividends to shareholders, often used for reinvestment in the business, debt reduction, or share repurchases.

Liabilities

Financial obligations or debts owed by a company to external parties.

Contributed Capital

Contributed capital, also known as paid-in capital, represents the funds raised by issuing stock directly from the corporation.

Common Stock Dividend

A payment made by a corporation to its shareholders, usually in the form of cash or additional shares, as a portion of the profits.