The Set of Collectively Held Beliefs, Values, and Norms Among

question 20

Multiple Choice

The set of collectively held beliefs, values, and norms among the members of a firm that influence individual behavior is referred to as

• A)network values.
• B)horizontal values.
• C)implicit contracts.
• D)corporate culture.

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Definitions:

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity.

Permanent/Temporary

distinguishes between accounts or actions that exist indefinitely (permanent) or for a specific duration (temporary).

Closing Entries

Closing entries are journal entries made at the end of an accounting period to transfer temporary accounts to permanent accounts, preparing the books for the next period.

Worksheet Income Statement

is a financial statement that preliminarily combines income and expenses data in worksheet form to calculate net income or loss.