If the Firm Has a Strict Dress Code Policy in Its

question 63

Multiple Choice

If the firm has a strict dress code policy in its employee handbook calling for male employees to wear "ties and white or light colored shirts,no pastels" and female employees to wear "dark skirts of knee length or below or dress slacks," the culture of the firm is likely

• A)innovative.
• B)stable.
• C)aggressive.
• D)team-based.

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Definitions:

Principal-Agent Problem

A situation in economics where there is a conflict of interest between a principal (such as a shareholder) and an agent of the principal (such as a manager), due to the agent having more information.

Golden Parachute

A substantial benefits package given to top executives if the company is taken over by another firm, and the executives are terminated as a result of the takeover.

Market Share

The portion of a market controlled by a particular company or product.

Flood Control System

involves infrastructure and strategic planning aimed at reducing or preventing the damage caused by excessive water levels, including dams, levees, and drainage systems.