Which kind of culture most affects the way managers plan?
A) A weak organizational culture gives managers the freedom to make their own decisions.
B) A strong organizational culture gives managers the freedom to make their own decisions independent of organizational values.
C) A strong organizational culture helps guide the way managers plan.
D) A weak organizational culture helps guide the way managers plan.
Answer: C
Explanation: A strong organizational culture helps guide the way for all of the primary managerial functions–planning, organizing, leading, and controlling. Rather than make decisions that are independent of organizational values, a strong culture instills those values in its managers and guides them on their way to planning, organizing, leading, and controlling.
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Which of the following is not typically a characteristic of commercial paper borrowing?
A) banks are not the lenders B) borrowers have high credit quality C) the loans are secured. D) maturity is short-term
Which of the following statements is true?
I. Serving similar customers with similar demand characteristics is an example of market focus II. A company specializing in assembling cars is an example of process focus. III. A focused factory specializes in a wide product mix. A) II and III only are true. B) I and II only are true. C) I only is true. D) I and III only are true. E) I, II and III are true.