The Solution to External and Internal Problems That Has Worked

question 29

Multiple Choice

The solution to external and internal problems that has worked consistently for a group and that is therefore taught to new members as the correct way to perceive,think about,and feel in relation to these problems is known as:

• A)Groupthink.
• B)Socialization.
• C)Organizational culture.
• D)A frame of reference.

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Definitions:

FMV

Fair Market Value, the price at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.

Basis

The amount of investment in something for tax purposes, used to calculate gain or loss when the property is sold.

Taxable Gain

The increase in value of an asset or investment that is subject to taxes when sold or disposed of.

Fiscal Year-End

The conclusion of a 12-month accounting period for which an organization plans its financial reports and statements.