Which of the Following Statements Best Describes Corporate Culture

question 72

Multiple Choice

Which of the following statements best describes corporate culture?

• A) Corporate culture changes quickly as the economy changes.
• B) Corporate culture is tangible.
• C) Corporate culture has very little impact on a company's success.
• D) Corporate culture is based on the accumulated history of the organization.

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Definitions:

Average Price Level

An economic indicator that represents the overall level of prices in the economy by averaging the prices of all goods and services over a period.

Vertical Aggregate Supply Curve

A graphical representation where the aggregate supply does not change with the price level, indicating an economy at full employment.

Classical Economists

A group of 18th and 19th-century economists who believed in the theory that markets operate under the laws of supply and demand and that markets will self-regulate.

Unemployed Resources

Factors of production such as labor, capital, and natural resources that are not currently being used in the production process.