Which of the Following Approaches Is Effective for Top Management

question 20

Multiple Choice

Which of the following approaches is effective for top management to use to manage the positive corporate culture effectively?

• A)Executives must not give too much attention to the mundane details of daily affairs.
• B)Executives must allow the organization to develop lofty ideas and visions for the company and then it is up to others in the organization to follow through on these ideas and visions,not the executives.
• C)CEOS and other executives should always make choices that contribute to profit even if this means not quite living up to the company's values.
• D)Hire and promote employees on the basis of the organization's corporate values.
• E)All of the above are effective for top management to use to manage the corporate culture effectively.

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Definitions:

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to repay according to the agreement.

PMSI

Purchased Money Security Interest, a legal claim that allows a lender or seller to claim collateral property, prioritized over other creditors, often used in financing agreements for personal property.

Credit

An arrangement where a buyer is allowed to purchase goods or services and pay for them at a later date.

Article 9

Article 9 refers to a part of the Uniform Commercial Code (UCC) that regulates secured transactions, or transactions that involve a creditor taking a security interest in the debtor's property.