Organizational Culture Refers to

question 295

Multiple Choice

Organizational culture refers to

• A) the personal moral and ethical codes of ethics of its top management.
• B) a written mission statement expressing its goals and objectives.
• C) the fundamental, passionate, and enduring principles that guide its conduct over time.
• D) the ethos of an organization including the core values of its management.
• E) a set of values, ideas, attitudes, and norms of behavior that is learned and shared among the members of an organization.

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Definitions:

Erosion Cost

Costs that occur when a new project or investment negatively affects the revenues or profits of existing projects.

Expansion Project

Initiatives undertaken by a company to increase its existing operations' capacity or to venture into new markets or products.

Showroom

A space used to display products or goods for sale in an attractive setting, often allowing customers to browse or inspect the items.

EAC

Equivalent Annual Cost, a method used to compare the cost effectiveness of different investments or projects with uneven lifespans.