Explain how employees learn organizational culture through the socialization process.
What will be an ideal response?
Organizational socialization is defined as the process an organization utilizes to
ensure that new members acquire necessary attitudes, behaviors, knowledge, and skills
to become productive organizational members. When a new hire joins a company, the
first six months on the job is characterized as a series of reality “shocks” as they are
exposed to the unwritten rules defining the organizational culture in the organization.
For example, the job may be considered an 8-hour workday, but the new hire notices
that everyone works at least 10 hours a day. The process of socialization follows the
following steps: organizational anticipatory socialization, organizational entry and
assimilation, and metamorphosis.
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Credit sales of assets other than merchandise inventory occur infrequently and are recorded in the ________.
A) sales journal B) cash receipts journal C) accounts receivable journal D) general journal
Stock A has an expected return of 12%, a beta of 1.2, and a standard deviation of 20%. Stock B also has a beta of 1.2, but its expected return is 10% and its standard deviation is 15%. Portfolio AB has $900,000 invested in Stock A and $300,000 invested in Stock B. The correlation between the two stocks' returns is zero (that is, rA,B = 0). Which of the following statements is CORRECT?
A. Portfolio AB's standard deviation is 17.5%. B. The stocks are not in equilibrium based on the CAPM; if A is valued correctly, then B is overvalued. C. The stocks are not in equilibrium based on the CAPM; if A is valued correctly, then B is undervalued. D. Portfolio AB's expected return is 11.0%. E. Portfolio AB's beta is less than 1.2.
The introduction to a speech should include
a. the topic of the speech b. your purpose for giving the speech c. a preview of the main points of the speech d. all the above
A convertible security that cannot be forced into conversion using the call feature is ________.
A) a general obligation bond B) a debenture C) an overhanging issue D) a noncallable common equity issue