A collection of beliefs, behaviors and work patterns held in common by people employed by a specific firm is a(n):
A) organizational value
B) organizational culture
C) mission statement
D) strategic philosophy
E) corporate vision
B
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According to Lawrence and Lorsch, the ______ determine(s) the degree of differentiation or integration that is appropriate.
A. resources available to an organization B. governmental pressures on an organization C. organization's culture D. stability of an organization's environment E. size of the organization
Businesses in a purely competitive market have little ability to affect prices.
Answer the following statement(s) true (T) or false (F)
Usury laws are designed to protect consumers from
a. obtaining loans to gamble on credit. b. taking insurance polices out on the life of another. c. companies charging excess interest on loans. d. professionals practicing a trade without a valid license.
A real estate agent who recommends a management firm to an apartment complex buyer without disclosing that the agent owns 50% of the firm has committed an ethical violation
Indicate whether the statement is true or false