If Rule Changing and Rule Following Are Not Properly Balanced

question 163

Multiple Choice

If rule changing and rule following are not properly balanced, there is a danger of reinforcing __________.

• A) innovation
• B) creativity
• C) cultural lag
• D) common assumptions
• E) shared values

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Definitions:

Assets

Resources owned or controlled by a business, entity, or individual, with future economic value that can be measured and expressed in financial terms.

Externalities

Effects a project has on other parts of the firm or on the environment.

Cash Flow Estimation

The process of forecasting the cash inflows and outflows over a specific period, vital for budgeting and financial planning.

Cash Flows

The complete volume of financial transactions in and out of a business, crucially influencing its cash on hand.