The Informal Status System of an Organization Involves Status Symbols

question 115

True/False

The informal status system of an organization involves status symbols such as company cars, large offices, and first class air travel.

---

Definitions:

Work Results

The outcome or output generated by an employee's efforts or a team's efforts towards assigned tasks.

ESOP Stock Awards

Refers to stock options or shares allotted to employees as part of an Employee Stock Ownership Plan, acting as an incentive and investment in the company's success.

Employee Owners

Workers who have a stake in the company they work for, typically through stock ownership or share options.

Stock Price

The current price at which a share of a company's stock is trading on the financial markets.