Changing a Problem Culture

question 8

Multiple Choice

Changing a problem culture

• A)is one of the toughest managerial tasks because of the tendency of company personnel to cling to familiar practices and ways of doing things.
• B)is best done by instituting an aggressive program to train employees in the ways and beliefs of the new culture to be implanted.
• C)is best done by selecting a team of key employees to lead the culture change effort.
• D)requires writing a new statement of core values and describing in writing the kind of culture that is needed.
• E)can be done quickly only if managers tie incentive compensation to exhibiting the desired new cultural behaviors and if managers visibly praise people who exhibit the desired new cultural traits.

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Definitions:

Building Uses

Pertains to the designated purposes or activities for which a building is designed, occupied, or intended to be used.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, representing the additional amount earned by employing resources in their current activity over their next-best alternative.

Total Revenue

The total amount of money received by a company from sales of its goods or services before any expenses are subtracted.

Accounting Profit

The total revenue of a firm minus its explicit costs, reflecting the financial gain calculated using standard accounting principles.