Which of the Following Statements Is True Regarding the Functions

question 38

Multiple Choice

Which of the following statements is true regarding the functions of culture in an organization?

• A) It hinders the generation of commitment to something larger than individual self-interest.
• B) It conveys a sense of identity for organization members.
• C) It reduces the stability of the social system.
• D) It reduces distinctions between one organization and others.
• E) It does not affect employees' attitudes and behaviour.

---

Definitions:

Hybrid Costing System

A costing method that combines elements of both job costing and process costing, used for products that have both individual and mass production aspects.

Customer Needs

The wants and requirements identified by customers, which businesses aim to satisfy through their products or services to ensure customer satisfaction and loyalty.

FIFO Method

"First-In, First-Out," an inventory valuation approach where the first items acquired are the first ones sold, affecting the cost of goods sold and inventory valuation.

Process Costing

An accounting method used to calculate the cost of a process, or series of processes, through which a product moves, assigning average costs to each product unit.