Once Established, Company Cultures Can Be Perpetuated by

question 9

Multiple Choice

Once established, company cultures can be perpetuated by

• A)relying on word-of-mouth indoctrination and the power of tradition to instill the culture's fundamentals, as well as frequent reiteration of core values by senior managers and group members, and regular ceremonies honoring members who display desired cultural behaviors.
• B)avoiding frequent or dramatic reorganizations that could disturb existing relationships and networking among departments and company personnel.
• C)making adherence to cultural beliefs and cultural norms the defining features of the company's strategic vision.
• D)rewarding departments that observe cultural norms with above-average budget increases and penalizing those who don't with budget cuts.
• E)making cultural values and beliefs the centerpiece of the company's competitive strategy.

Recognize the rationale and challenges associated with using fiscal and monetary policy to stabilize the economy.

Identify the goals of the Federal Reserve and the tools it uses to achieve those goals.

Analyze the implications of budget deficits and fiscal policy choices on the economy.

Understand the time lags associated with the effects of monetary and fiscal policy actions on aggregate demand.

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Definitions:

Marginal Revenue Curve

Represents the additional income gained from selling one more unit of a product or service, crucial for determining optimal production levels in microeconomics.

Marginal Cost

The boost in aggregate costs that comes from generating one extra unit of a product or service.

Non-collusive Oligopolist

An oligopolistic market structure participant that competes without agreements or cooperation with rivals to influence market prices or output.

Marginal Revenue Curve

Represents the change in total revenue from selling one additional unit of a product or service.