A Leader Might Go About Changing Culture By

question 37

Multiple Choice

A leader might go about changing culture by:

• A)delegating the task of role modelling deep into the organisation
• B)reacting to critical incidents by finding a culprit
• C)using the recruitment and promotion system to place people with commitment to established culture
• D)using the induction system to impress the culture on new people as they join

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Definitions:

Negative Covenants

Provisions in a loan agreement that restrict certain actions of the borrower to protect the lender's interests.

Bond Indenture

A legal contract detailing the terms and conditions under which a bond is issued, including interest rates, maturity dates, and issuer obligations.

Sinking Fund

A fund set aside by a corporation for the purpose of repaying debt or buying back shares, to ensure financial stability and investor confidence.

Seniority Requirements

Rules or conditions that prioritize certain debts or obligations over others, typically in the event of bankruptcy or liquidation.