Organizational culture refers to a system of shared norms, beliefs, values, and assumptions which bind people together.
Answer the following statement true (T) or false (F)
True
Organizational culture refers to a system of shared norms, beliefs, values, and assumptions which binds people together, thereby creating shared meanings. This system is manifested by customs and habits that exemplify the values and beliefs of the organization.
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Why do organizations use performance management systems?
a) Identify organizational talent b) Leadership development c) Succession planning d) All of the above
Delbert is 55 years old and was recently laid off from his job at the Middle America Corporation. He has applied for 30 different jobs, but has been told that he is too old and that companies prefer younger workers. Does Delbert have any recourse under federal law?
Instead of borrowing money from suppliers to purchase equipment, an increasing number of small businesses are
A. obtaining trade credit instead. B. making these purchases outright. C. choosing to lease the equipment. D. opting to streamline assembly processes to reduce expenditures.
Assume that you are the new audit senior on the LV Drug Corporation (LVD) engagement. LVD is a pharmaceutical company that has three successful drugs and a number of drugs in progress in its research and development pipeline. You are considering your audit plan and it is important to identify the inherent risks that LVD has and how they relate to the planning process.
Required: For each of the following factors, indicate whether it will tend to increase, decrease, or have no effect on inherent risk, and the reasoning for your answer. a. Dr. Jones is the major shareholder of LVD and its CEO. b. Your firm has audited LVD for the last four years. c. There has been high turnover of key accounting personnel during the last two years. d. The internal audit function reports to the audit committee. e. LVD has been the subject of lawsuits by users of Framadon who claim that the drug affects their liver functions. LVD is confident that there are no such side effects from the use of Framadon