Answer the following statements true (T) or false (F)
1. The type of training provided to new hires and the frequency of performance evaluations contribute to their understanding of the organization's culture.
2. By definition, an organization can be composed of as few as two people.
3. The Red Cross is an example of a mutual-benefit organization.
4. Only for-profit organizations can be meaningfully represented by an organization chart.
1. TRUE
There are 11 ways that organizational members teach to one another the values, beliefs, expectations, behaviors, and business philosophy that constitute the organization's culture. One is through role modeling, training, and coaching.
2. TRUE
According to Chester I. Barnard's classic definition, an organization is a system of consciously coordinated activities or forces of two or more people.
3. FALSE
Mutual-benefit organizations are voluntary collectives whose purpose is to advance members' interests (examples: unions, trade associations). Nonprofit organizations are formed to offer services to some clients, not to make a profit (examples: hospitals, colleges).
4. FALSE
Whatever the size or type of organization, it can be represented in an organization chart.
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Walmart discovered that it could compete on price and build a sustainable business.
Answer the following statement true (T) or false (F)
Seattle Inc. identified an investment opportunity that requires an initial cash outflow of $150,000. Seattle's required rate of return is 10 percent. The investment will yield cash flows of $30,000 per year in Years 1 through 4, $35,000 per year in Years 5 through 9, and $40,000 in Year 10. Assume the cash flows occur evenly during the year. What is the traditional payback period for this investment?
A. 5.23 years B. 4.86 years C. 4.51 years D. 6.12 years E. 4.35 years
A controller typically handles the accounting activities, such as tax management, data processing, financial accounting, and cost accounting
Indicate whether the statement is true or false
It may be appropriate to combine country-level screening with screening at the consumer level because consumers who, because of their similarities, comprise a single segment may reside in different countries. True/False?
(a) True (b) False