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:

Efficient Outcome

A state in which resources are allocated in a way that maximizes total surplus; there are no missed opportunities in production or consumption.

Tragedy of the Commons

A situation in which individuals, acting according to their own self-interest, deplete shared resources, resulting in long-term social losses.

Litter

Discarded waste material improperly left in an environment outside designated trash disposal facilities.

Externality Analysis

The examination of costs or benefits that affect parties who are not directly involved in a transaction or activity, used to understand the implications of external effects on society.