Which type of culture has an internal focus and values stability and control over flexibility?
A. Clan
B. Adhocracy
C. Market
D. Classical
E. Hierarchy
E. Hierarchy
A hierarchy culture has an internal focus and values stability and control over flexibility.
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A budget need not contain both revenue and expense components
Indicate whether the statement is true or false
Both relationship commitment and trust are necessary for a strategic alliance to succeed in the long run
Indicate whether the statement is true or false a. True b. False
Revolutionary change involves ______.
A. a change in strategy B. a change in leadership C. a change in organizational culture D. any or all of these
Which of the following statements is CORRECT? As a firm increases the operating leverage used to produce a given quantity of output, this will
A. normally lead to a decrease in its business risk. B. normally lead to a decrease in the standard deviation of its expected EBIT. C. normally lead to a decrease in the variability of its expected EPS. D. normally lead to a reduction in its fixed assets turnover ratio. E. normally lead to an increase in its fixed assets turnover ratio.