Compare and contrast organizational culture and climate.
What will be an ideal response?
Organizational climate has been defined as “shared perceptions of the way things
are around here.” Organizational climate is the level of agreement in perceptions about
the organization and work environment among employees. While the analysis of culture
relies on understanding of an organization’s fundamental assumptions as discussed in
the previous section, climate research is concerned with representing employee’s
shared perceptions of values in a static way as states that they experience at a point in
time. Another key distinction between culture and climate is that culture is viewed as
evolving over time and is studied from a sociology or anthropology viewpoint. Climate
can be altered through management interventions. In sum, the difference between
culture and climate is that culture is an evolved context and climate is a situation that
employees are in.42
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The journal entry to close the Fees Earned, $275, and Rent Revenue, $200, accounts on December 31st during the closing process would be:
A) Dec 31 Fees Earned 275Rent Revenue 200Income Summary 475 B) Dec 31 Income Summary 475Fees Earned 275Rent Revenue 200 C) Dec 31 Revenues 475Income Summary 475 D) Dec 31 Income Summary 475Revenues 475
Millie is risk manager of JKL Company. She is considering an investment in a loss control project
The project will cost $40,000. Assuming a 10 percent discount rate, the present value of the future net cash flows that this project will generate is $60,000. What is the net present value (NPV) of this project? A) $20,000 B) $26,000 C) $60,000 D) $100,000
Blake earns $3,200 each month. He pays $600 per month for housing, $300 per month for a car loan, and $150 per month in other debt payments. Find Blake's debt-to-income ratio to the nearest tenth of a percent
You can browse your account every few days to see which online payments have cleared and which have not. Most banks post your what in real time, although some still have a one or two day delay?
A) Personal Data B) Statistics C) Gas Purchase D) Transactions E) Checks