Which One of the Following Is NOT Something to Look

question 21

Multiple Choice

Which one of the following is NOT something to look for in identifying a company's culture?

• A) The company's defined spirit and character that pervades the work climate.
• B) The company's resource strengths,core competencies,and competitive capabilities.
• C) The company's revered traditions and oft-repeated stories about "heroic acts" and "how we do things around here".
• D) The company's approach to people management and the official policies,procedures,and operating practices that paint the white lines for the behavior of company personnel.
• E) The company's shared values,business principles,and ethical standards that management preaches and practices.

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Definitions:

Cooperatively

This term describes actions or operations done jointly by a group or parties working together towards a common goal or benefit.

Imperfect Competition

A market structure in which no firm is a monopolist, but producers nonetheless have market power they can use to affect market prices.

Oligopoly

A market structure characterized by a small number of firms controlling a large majority of the market share.

Quantity Effect

The impact on total revenue when the quantity sold changes while the price remains the same.