The Assumptions, Beliefs and Values That Subconsciously Guide Employee Thoughts

question 45

Multiple Choice

The assumptions, beliefs and values that subconsciously guide employee thoughts and actions are called:

• A)organizational culture.
• B)organizational structure.
• C)organizational socialization.
• D)organizational politics.
• E)transformational leadership.

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Definitions:

Inelastic Demand

A situation where the demand for a product does not significantly change with a change in price.

No-Name Brand

Products that are sold without a brand name, often packaged plainly and priced lower than branded counterparts, focusing on basic functionality.

Professional Chefs

Skilled individuals who are trained in the art of food preparation, cooking, and presentation in a professional setting.

Prevent Arbitrage

Measures taken to stop the practice of buying a product in one market at a low price and selling it in another at a higher price to profit from the price difference.