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Keegan Is a Purchasing Manager for a Large Auto Manufacturer

question 102

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Keegan is a purchasing manager for a large auto manufacturer.The contract with the company's steel provider is just about to expire,so Keegan is negotiating the terms and condition of a new contract with his supplier.Keegan is satisfied with the negotiations,so he takes the next step of drawing up a legal obligation to buy the negotiated amount of steel at the price and delivery date agreed upon by himself and his supplier.This legal obligation is otherwise known as

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Definitions:

Organizational Values

Fundamental beliefs or principles that guide the behavior and decision-making processes within an organization.

Organizational Culture

Common values, beliefs, and standards that guide how employees perceive, feel, and act within a company.

Social Control

Mechanisms, strategies, and practices that societies or institutions employ to regulate individual or group behavior, aiming to ensure conformity to established norms and rules.

Corporate Cults

Refers to companies that create an environment with intense organizational identification and loyalty, often to the exclusion of outside influences or perspectives.

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