Explain the concept of organizational climate

What will be an ideal response?

Organizational climate refers to the shared perceptions organizational members have about their organization and work environment. This aspect of culture is like team spirit at the organizational level. When everyone has the same general feelings about what's important or how well things are working, the effect of these attitudes will be more than the sum of the individual parts. One meta-analysis found that across dozens of different samples, psychological climate was strongly related to individuals' level of job satisfaction, involvement, commitment, and motivation. A positive overall workplace climate has been linked to higher customer satisfaction and financial performance as well.

Business

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A retailer selling men's clothing is anticipating changing its markup from 50 percent to 35 percent to stimulate additional sales. It needs a 43 percent sales increase to maintain its former gross profit

Indicate whether the statement is true or false

Business

Capital budgeting investments are based on the assumption that rates of return on investments

as well as current inflation rates will remain the same during the useful life of the investment. Indicate whether the statement is true or false

Business