All Organizations Have Had a Starting Point And, If Successful

question 64

Multiple Choice

All organizations have had a starting point and, if successful in the long term, experienced one key thing in common: each venture has had to ________________.

• A) go through the transition from original founder(s) to next generation of professional management
• B) execute their contingency plan to stave off potential financial ruin
• C) fire the founder(s) to allow for a clean restructuring of the organization
• D) defend themselves against lawsuits for poor retention strategies
• E) go public through the sale of all or part of the venture on the stock market

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Definitions:

Cultural Relativity

The principle that an individual's beliefs and activities should be understood by others in terms of that individual's own culture.

'Etic' Abnormalities

Universal conditions or behaviors considered abnormal across different cultures.

Culture-Bound

Theory and data conditioned by a specific cultural background.

Cultural Perspective

A viewpoint that is shaped by the cultural context, including beliefs, values, and practices, influencing how individuals interpret the world.