Which of the Following Statements About Organizational Culture Is True

question 9

Multiple Choice

Which of the following statements about organizational culture is true?

• A)Corporate mission statements are always a true expression of a firm's culture.
• B)Who is hired and fired and why indicate the firm's real value and are a clue to the culture.
• C)A firm with a strong culture will have different people holding different values.
• D)A culture that was advantageous in a prior era continues to be so in a new environment.
• E)It is unnecessary to consider culture when considering a merger.

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Definitions:

Financial Statements

Financial statements are formal records that outline the financial activities and condition of a business, entity, or individual, encompassing the balance sheet, income statement, and cash flow statement.

General Journal

The primary bookkeeping record in double-entry accounting, used to record all transactions by date, before they are posted to individual accounts in the general ledger.

Book of Original Entry

The Book of Original Entry refers to the initial record where financial transactions are documented chronologically.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, thereby resetting the temporary accounts for the next period.