Describe how a values-based culture works.
What will be an ideal response?
A values-based culture is one that reinforces a particular set of values rather than a particular set of rules. Certainly, these firms may have codes of conduct; but those codes are predicated on a statement of values and it is presumed that the code includes mere examples of the values' application. Integrating these values into the firm's culture encourages a decision making process that uses the values as underlying principles to guide employee decisions rather than as hard-and-fast rules.
The argument in favor of a values-based culture is based on the fact that a compliance culture is only as strong and as precise as the rules with which workers are expected to comply. A firm can only have a certain number of rules and the rules can never unambiguously apply to every conceivable situation. A values-based culture recognizes that where a rule does not apply, the firm must rely on the personal integrity of its workforce when decisions need to be made. This is not to say that values-based organizations do not include a compliance structure.
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Despite the appeal of the opportunity, Samantha decided to delay taking her product to foreign markets because she felt that her current personnel did not have enough international experience. She was exhibiting ______ skills.
A. comparative B. human C. intangible D. conceptual E. intuitive
I trust that at this point in time either government bonds or preferred stocks is a good investment
What will be an ideal response?
If assets increase $500 and liabilities decrease $200 during the period, owner's equity will:
a. increase $500. b. increase $400. c. decrease $700. d. decrease $600. e. increase $700.
An accommodation party will always be primarily liable on an instrument
a. True b. False Indicate whether the statement is true or false