Answer the following statements true (T) or false (F)
1. Organizational countercultures can potentially help the organization maintain its standards of
performance and ethical behavior.
2. Artifacts of organizational culture may include the building's design, the way people are
greeted and the food served in the companys cafeteria.
3. Artifacts provide valuable evidence about a company's culture.
4. Rituals support organizational culture by providing social prescriptions of the ways things should or should not be done around the organization.
5. To have their greatest effect, organizational stories must describe real people and recount true past events.
1. TRUE
One of the two important functions of countercultures is that they maintain the organization's standards of performance and ethical behavior.
2. TRUE
Artifacts are the observable symbols and signs of an organization's culture, such as the way visitors are greeted, the organization's physical layout, and how employees are rewarded.
3. TRUE
Artifacts are the observable symbols and signs of an organization's culture, such as the way visitors are greeted, the organization's physical layout, and how employees are rewarded. Artifacts provide valuable evidence about a company's culture.
4. FALSE
Organizational stories and legends serve as powerful social prescriptions of the way things
should (or should not) be done. They add human realism to corporate expectations, individual
performance standards, and the criteria for getting fired.
5. TRUE
Stories have the greatest effect on communicating corporate culture when they describe real
people, are assumed to be true, and are known by employees throughout the organization.
Stories are also prescriptive—they advise people what to do or not to do.
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Indicate whether the statement is true or false
Which of the following statements is CORRECT? Assume that the project being considered has normal cash flows, with one outflow followed by a series of inflows.
A. A project's regular IRR is found by compounding the cash inflows at the WACC to find the terminal value (TV), then discounting this TV at the WACC. B. A project's regular IRR is found by discounting the cash inflows at the WACC to find the present value (PV), then compounding this PV to find the IRR. C. If a project's IRR is greater than the WACC, then its NPV must be negative. D. To find a project's IRR, we must solve for the discount rate that causes the PV of the inflows to equal the PV of the project's costs. E. To find a project's IRR, we must find a discount rate that is equal to the WACC.
Protection for intellectual property dates back to:
a. the Constitution b. soon after the Civil War c. the early 1900s d. the 1950s e. the 1960s
When testing for the difference between two population variances with sample sizes of n1 = 8 and n2 = 10, the degrees of freedom are:
a. 8 and 10 b. 7 and 9 c. 2 and 18 d. 18 and 2