Changing a Problem Culture to Create Better Alignment with Strategy

question 33

Multiple Choice

Changing a problem culture to create better alignment with strategy generally does NOT involve

• A)replacing old-culture managers with new-breed managers.
• B)designing compensation incentives that boost the pay of teams and individuals who display the desired cultural behaviors and hit change-resisters in the pocketbook.
• C)altering the company's financial objectives.
• D)using company gatherings and ceremonial occasions to praise individuals and groups that display the desired new cultural traits and behaviors.
• E)both symbolic and substantive actions by executives to implant new cultural behaviors.

Distinguish between direct materials, direct labor, and factory overhead in manufacturing costs.

Classify costs as selling and administrative expenses or factory overhead.

Understand the impact of costs on manufacturing and non-manufacturing environments.

Demonstrate knowledge of the role of depreciation in cost classification.

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Definitions:

Second-Hand Dealer

A business or individual that buys and sells used goods.

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure repayment of a debt.

Clear Title

Ownership that is free of liens, disputes, or legal questions, fully enabling the transfer to another party.

Breach of Condition

A Breach of Condition refers to the failure to meet a condition stated in a contract, which is so fundamental that it allows the other party to terminate the contract and seek compensation for damages.