Companies with Change-Resistant Cultures

question 99

Multiple Choice

Companies with change-resistant cultures

• A) are typically opposed to performance-based incentive compensation and employee empowerment.
• B) are prone to be preoccupied with avoiding risks,are unlikely to pursue actions to capture emerging opportunities,are frequently lax when it comes to product innovation and continuous improvement in performing value chain activities,and prefer following rather than leading market change.
• C) are often overly gung-ho about looking outside the company for best practices,new managerial approaches,and innovative ideas.
• D) tend to be preoccupied with making sure the company has a safe,follow-the-industry-leader type of strategic vision and avoids risky business strategies.
• E) are typically run by amoral managers who have little regard for high ethical standards.

Calculate net income or loss based on changes in capital and withdrawals.

Understand how liabilities are related to the assets and owner’s equity of a company.

Understand and explain the components and purposes of basic financial statements such as the income statement, statement of owner's equity, balance sheet, and statement of cash flows.

Analyze and interpret financial statements to assess the financial health of a business.

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Definitions:

Capital Gains

The profit realized from the sale of assets or investments that have increased in value over their purchase price.

Non-Eligible Dividends

Dividends that do not qualify for the enhanced dividend tax credit in certain jurisdictions, often associated with smaller businesses.

Average Tax Rate

The proportion of total income that an individual or corporation pays in taxes, calculated by dividing the total tax by the taxable income.

Interest Income

The revenue earned from deposit accounts or investments through the interest payments received.