When There Is a High Potential Compatibility of Changes with the Existing

question 11

Multiple Choice

When there is a high potential compatibility of changes with the existing culture and many changes in key organizational factors that are necessary to implement the new strategy:

• A) Managers should manage around the culture
• B) Managers should reformulate strategy or prepare carefully for long-term, difficult cultural change
• C) Managers should link changes to the basic mission and fundamental organizational norms
• D) Managers should focus on reinforcing the culture and achieving synergies

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Definitions:

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period of time, culminating in net income or loss.

Cash Basis

An accounting method where revenue and expenses are recognized only when cash is received or paid out, respectively.

Receivables

Money owed to a company by its customers or clients for goods or services provided that have not yet been paid for.

Payables

Payables, also known as Accounts Payable, are liabilities of a company that represent money owed to creditors for goods and services received but not yet paid for.