The given statement is false.
The following information should be considered:
In the case when a person earns or not earning it is compulsory to file the tax return. As it is a necessary thing which need to follow.Therefore we can conclude that The given statement is false.
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Mike, the sales manager for Mega brands wants to increase the motivation of his sales force but has a very tight budget and cannot increase compensation. "Well, money isn't everything" he thinks. Mike decides to start posting on the company website the high performing individuals that have exceeded their short-term goals. Which of the following nonmonetary compensation methods is Mike employing?a. task clarityb. job/life satisfactionc. recognition of goal attainmentd. perquisites/perks
Answer:
c
Explanation:
recognition of goal attainment can be used to stimulate performance among sales team.. Announcements are made on notice board or website on the best sales men monthly, weekly or half yearly. This shows the attainment of target by the various individuals
A manufacturing company that produces trivets has established the following standards for the current year: Standard price per pound $3.00 Standard material usage per trivet 2.00 During April, the company purchased 10,000 pounds of material for $33,000 and used 9,400 pounds to produce 4,500 trivets. Four thousand trivets were sold during April. What amount should be reported as the materials' quantity (usage) variance?
Answer:
The answer is $1,200 should be recorded as the materials' quantity (usage) unfavorable variance.
Explanation:
Please find the below for detailed explanations and calculations:
The variance is equal to: Actual produced amount x Standard usage of material x standard cost - Actual produce amount x Actual usage of material x standard cost = 4,500 x 2 x 3 - 4,500 x 9400/4500 x 3 = $(1,200)
Due to the actual usage of material is higher than the budget material usage, the variance of $1,200 is unfavorable.
During the year, a corporation declares a dividend and subsequently distributes to a stockholder $15,000 in cash and a bond with a basis of $25,000 and a fair market value of $26,000 on the date of distribution. The bond had a fair market value of $26,500 on the date that the corporation declared the dividend. The corporation has current earnings and profits in excess of the total amounts distributed during the year. What identifies the tax consequences of the distribution to the stockholder?
Answer:
The stockholder must report a total income of:
$15,000 (cash) + $26,000 (fair market value of the bond) = $41,000
Nonmonetary dividends have to be recognized at the fair market value of the assets that are distributed. Nonmonetary dividends are usually referred to as property dividends. Cash is recognized at its face value.
An increase in interest ratesA. increases investment spending on machinery, equipment, factories, consumption spending on durable goods, and net exports.B. decreases investment spending on machinery, equipment, and factories, but increases consumption spending on durable goods and net exports.C. decreases investment spending on machinery, equipment, factories, consumption spending on durable goods, and net exports.D. decreases investment spending on machinery, equipment, factories, and consumption spending on durable goods, but increases net exports.
Answer:
The correct answer is option C.
Explanation:
An increase in the interest makes it more expensive to borrow money. In other words, the cost of borrowing increases. This will cause investment expenditure on machinery, equipment, and factories to decline.
Increased interest rate also increases the opportunity cost of holding money. The consumers will get more return from saving. This will reduce, the consumer spending on durable goods.
The increased interest rate will attract foreign capital inflows. The increase in demand for currency will increase its value. This will reduce exports and increase imports. As a result, net exports will decline.
A city government imposes a proportional income tax on all people who earn income within its city limits. In 2004, the city's income tax rate was 0.04 (4 percent), and it collected $20.00 million in income taxes. In 2005, it raised the income tax rate to 0.05 (5 percent), and its income tax collections declined to $19.20 million. What happened to the city's income tax base between 2004 and 2005?A. it fell by $0.80 million.B. it fell by $116 millionC. it ross by $116 millionD. it cannot be determined since the tax rate changed
Answer:
B) it fell by $116 million
Explanation:
If during 2004 the city was able to raise $20 million with a 4% income tax, then the city's income base was:
($20 million / 4%) x 100 = $500 million
If during 2005 the city was only able to raise $19.20 million with a 5% income tax, then the city's income base lowered to:
($19.20 million / 5%) x 100 = $384 million
This means that the city's income base was reduced by $116 million (= $500 million - $384 million)
Which of the following is part of the M2 definition of the money supply, but not part of M1?
a. Currency in circulation.
b. Money market mutual fund shares.
c. Currency held in banks.
d. Checkable deposits.
Answer:
The answer is b
Explanation:
Demand for money is the situation in which money are held in cash form without spending it. The demand for money is a derived demand in the sense that people do not spend all their salaries when they receive it at the end of the month. The portion of their salaries which they do not spent immediately they are received is what we referred to as the demand for money. There are three reasons for holding money which are
Transaction motive :This is the desire to keep money in order to meet the day to day transaction of business such as buying of foodstuff and to meet other family need .
Precautionary motive : This is the desire to keep money in order to meet the unforseen circumstances which are not planned for but which immediately occur, such as sickness, unexpected visitors, breakdown of one's car,
Speculative motive :This is the desire to keep money with the hope of using the money in making quick money. It is a money held with the hope of giving it out in form of loan if the interest is high and at a short period of time.for instance purchasing shares at a lower prices and re-selling it at higher prices .it also includes buying goods at a lower prices and re-selling at a higher prices for example cars.
The M2 money supply includes all components of M1 and additional financial assets. Among the options provided, money market mutual fund shares (option B) is part of M2 but not M1 because they are highly liquid assets.
The correct option is b.
Explanation:The M1 money supply includes currency in circulation, currency held in banks, and checkable deposits. However, the M2 definition of money supply includes all components of M1 as well as other financial assets, such as savings accounts and money market mutual fund shares.
So, in answering your question, the item that is part of M2 but not part of M1 among the options you have listed is (b) Money market mutual fund shares.
These are included in the M2 definition because they are highly liquid assets (meaning they can be quickly converted to cash) while still earning interest for the account holder.
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Anderson embezzled $20,000 from her company's account in Bank X. At year-end, she hid the shortage by making a deposit on December 31 in Bank X, drawn on Bank Y. She has not recorded the transaction on the books. This is an example of:
Answer:
Accounts Payable Fraud
Explanation:
Since Ms Anderson embezzled $20,00 from her company account and has not recorded the transaction on the books, presumably, She's an accountant. She made a deposit, on the turning of the fiscal year (december 31) for the record. The money must have been taken, via a check tampering, or a billing scheme or any kind of fraudulent reimbursement.
Thirst, a beverage manufacturer, markets its products using the same strategy worldwide. However, changes are made when implementing the strategy to reflect an essence of the local culture, such as the ethnicity of the people in their ads and the music used in jingles. This is an example of __________.
Answer: Glocalization
Explanation:
Glocalization is referred to as the concurrent occurrence of generalizing and thus also the stipulating tendencies in the modern political, social, and economic structure. The idea of the glocalization tends to represent a confrontations to the simplistic interpretation of the globalization method as the linear development of the territorial level.
When Teresa Carleo, the owner of Plant Fantasies, started her business, staying with the business for the first few years was difficult for her. Though it was inconvenient, she decided to work from home to avoid paying the rent for office space. Teresa's decisions to stay with the business and work from home exemplify _____.
a. workplace deviance
b. production blocking
c. options-based planning
d. long-term strategic plans
Answer: (D) Long term strategic plan
Explanation:
The long-term strategic plans is the process of planning the various types of organization targets and also achieve the specific strategic goals by coordinating the organization department.
The long term organization outline the specific trajectory development. The long term plans are mainly help in the organization by improving the productivity, investment, technology and the relation of the company employees.
Therefore, Option (D) is correct.
If D is the market value of a firm's debt, E the market value of that same firm's equity, V the total value of the firm (E+D), RD the yield on the firm's debt, TC is the corporate tax rate, and RE the cost of equity, the weighted average cost of capital is:
Answer:
The Weighted average cost of capital is
(D*RD*(1-TC))/(V) + (RE*E)= weighted average cost of capital
Explanation:
Five years ago, you purchased a $1,000 par value corporate bond with a coupon interest rate of 6 percent. Today comparable bonds are paying 6.5 percent. What is the approximate dollar price for which you could sell your bond?
Answer:
$923.077
Explanation:
Data provided in the question:
Face value of the bond = $1,000
Interest rate = 6% = 0.06
Comparable interest rate = 6.5% = 0.065
Now,
The amount of annual interest on the bond
= Face value × Interest rate
= $1,000 × 0.06
= $60
Therefore,
the approximate dollar price for selling the bond
= ( Dollar amount of annual interest ) ÷ ( Comparable interest rate )
= $60 ÷ 0.065
= $923.077
Final answer:
Explanation of the inverse relationship between bond prices and interest rates when market rates increase, resulting in the bond selling for less than face value. Therefore, the approximate dollar price at which you could sell this bond can be calculated to be around $964.
Explanation:
When comparing bond prices and interest rates, there is an inverse relationship. If market interest rates increase, the value of existing bonds decreases. In this case, with a rise in rates, the bond you hold at a 6% coupon rate would sell for less than its $1,000 face value. The approximate dollar price at which you could sell this bond can be calculated to be around $964.
Gruber Corp. pays a constant $7.55 dividend on its stock. The company will maintain this dividend for the next 15 years and will then cease paying dividends forever. The required return on this stock is 11 percent. What is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer:
The current share price is $54.29
Explanation:
Hi, to find the price of this share, we need to bring to present value all the future cash flow that this share will provide. Since the dividend is a constant dividend, we can find the price using the following equation.
[tex]Price=\frac{Div((1+r)^{n}-1) }{r(1+r)^{n} }[/tex]
where:
r= required rate of return of the stock
Div = constant dividend (in our case, $7.55
n = years in which the share will provide dividends
Everything should look like this
[tex]Price=\frac{7.55((1+0.11)^{15}-1) }{0.11(1+0.11)^{15} }=54.29[/tex]
So, the price of the stock today would be $54.29
Best of luck.
Final answer:
The current share price of Gruber Corp. is calculated using the present value of an annuity formula, with the dividend being $7.55, the required return at 11%, over 15 years. The calculated share price is $55.95.
Explanation:
To find the current share price of Gruber Corp., we use the formula for the present value of an annuity since the dividends are constant over a certain period (15 years). The required return is 11 percent, and the annual dividend is $7.55.
The formula for the present value of an annuity is:
PV = D * [(1 - (1 + r)^-n) / r]
Where:
D = Dividend per share = $7.55
r = required return = 0.11
n = number of years = 15
Substituting the values into the formula:
PV = 7.55 * [(1 - (1 + 0.11)^-15) / 0.11]
PV = $55.95
Therefore, the current share price of Gruber Corp., considering it will pay a constant dividend for the next 15 years and then cease paying dividends, is $55.95.
Convention hotels provide meeting rooms and banquet hotels to convention participants. Sometimes a specific convention may involve 2000 members or only 75 members. To take care of both sizes of groups, convention hotels have movable walls that allow them to expand or contract a facility as needed by the group. By modifying its facility, the convention hotels are able to:
Answer:
adjust capacity to match demand
Explanation:
Based on the information provided in regards to the Convention hotels, it can be said that by modifying its facility, the convention hotels are able to adjust capacity to match demand. This is because if the convention event is bringing an occupational demand of 2000 members then the hotel can expand it's walls, thus adjusting to the capacity that the demand requires. The same goes for smaller demand, they can just shorten the walls to shrink the venue so that it is more comfortable for the guests.
Pierre’s Hair Salon is considering opening a new location in French Lick, California. The cost of building a new salon is $280,000. A new salon will normally generate annual revenues of $67,320, with annual expenses (including depreciation) of $38,600. At the end of 15 years the salon will have a salvage value of $79,000.Calculate the annual rate of return on the project.
Answer:
16%
Explanation:
Given: Cost of building new salon is $280000.
Annual revenue is $67320.
Annual expenses is $38600.
salvage value is $79000.
First, lets calculate Annual income.
Annual income= [tex]Revenue-expense[/tex]
Annual income= [tex]67320-38600= \$ 28720[/tex]
Now, calculating the average investment.
Average investment= [tex]\frac{(Investment + salvage value}{2}[/tex]
Average investment= [tex]\frac{(280000+79000)}{2} = \frac{359000}{2}[/tex]
∴ Average investment= [tex]\$ 179500[/tex]
Annual rate of return= [tex]\frac{Annual\ income}{Average\ investment} \times 100[/tex]
Annual rate of return= [tex]\frac{28720}{179500} \times 100 = 16\%[/tex]
∴Annual rate of return on the project is 16%.
The video describes an instance in which Dominic discovered that a heart surgeon had just taken a new job at a large hospital where Dominic's major competitor's contract was up for renewal. What phase of the selling process corresponds best to this discovery?
Answer:
Prospecting
Explanation:
Prospecting is the initial phase in the business procedure, which comprises of distinguishing potential clients, otherwise known as possibilities. The objective of prospecting is to build up a database of likely clients and deliberately speak with them with expectations of changing over them from potential client to current client. Prospecting, done right, not just makes a pipeline of potential clients, it positions you as a confided in guide.
Consumers value Secret antiperspirant deodorants more than they value store brand antiperspirant deodorants and are willing to pay $2.99 for Secret but only $1.99 for a functionally similar store brand. In other words, Secret deodorants have more _________ than comparable store brand deodorants.
A. brand trademark
B. brand equity
C. brand personality
D. brand licensing
E. brand modification
Answer:
B. brand equity
Explanation:
Brand equity is the value of a brand as a result of having recognition. If a company has a positive brand equity, consumers are willing to pay more its product than what they are willing to pay to the competition. According to this, Secret deodorants have more brand equity than comparable store brand deodorants as consumers are willing to pay $2.99 for Secret and $1.99 for a functionally similar store brand.
The basic characteristics of a pure capitalist system include the private ownership of the means of production and economic activity is coordinated through a system of markets and prices. True or False?
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system and competitive markets.
The statement is true. Basic characteristics of a pure capitalist system include private ownership of resources, which are used according to their owner's desire. Economic activity is coordinated through a system of markets and prices determined by supply and demand, and civil liberties such as free speech and religion are crucial.
Explanation:True, the basic characteristics of a pure capitalist system do include the private ownership of the means of production. In a capitalist system, economic decisions and the pricing of goods and services are determined on the open market, where the laws of supply and demand prevail.
Individuals and businesses own the resources (e.g. labor, materials, land and capital) and have the right to employ them as they see fit. They are motivated by the pursuit of profit, which drives competition and innovation. Their economic activities are coordinated through a system of markets and prices. The market determines who gets what, how much they get, and under what conditions.
In capitalist systems, competition and consumer choice determine economic winners and losers. Also, there are civil liberties protected from governmental interference which are fundamental to capitalism such as freedom of speech and religion. The system is also characterized by its focus on individualism and competition, as opposed to the collective undertaking present in other economic systems like socialism or communism.
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Assuming no direct factory overhead costs (i.e., inventory carry costs) and $3 million dollars in combined promotion and sales budget, the Dune product manager wishes to achieve a product contribution margin of 35%.
Given their product currently is priced at $35.00, what would they need to limit the material and labor costs to?
a. $21.00
b. $23.00
c. $22.75
d. $24.50
Answer:
they need to limit the material and labor costs to $22.75
so correct option is c. $22.75
Explanation:
given data
promotion and sales = $3 million
contribution margin = 35%
Selling price = $35.00
to find out
what would they need to limit the material and labor costs to
solution
we get first here Contribution margin per unit that is
Contribution margin = contribution margin × Selling price ..............1
Contribution margin = $35 × 35%
Contribution margin = $12.25 per unit
and
Variable cost will be
Variable cost = Selling price - Contribution margin ..............2
Variable cost = $35 - $12.25
Variable cost = $22.75 per unit
and
Variable cost = Direct materials costs + Direct labor costs + Direct factory overheads ...............3
here direct factory overheads is given = 0
so
$22.75 = Direct materials costs + Direct labor costs
so
they need to limit the material and labor costs to $22.75
so correct option is c. $22.75
A swap is: a) another name for a put option. b) another name for a call option. c) an agreement between two or more persons to exchange sets of cash flows over some future period. d) the name for the replacement of a futures contract by an options contract.
Answer:
The correct answer is option c.
Explanation:
A swap can be defined as a derivative contract that enables the exchange of cash flows or liabilities of two financial instruments. The most common instruments that are swapped are loans or bonds. An interest rate swap is the most common type of swap.
The other kind of swaps are
Commodity swaps Currency swaps Debt-equity swapsThe faster economic growth is, the A. farther the production possibilities curve shifts out. B. steeper the slope of the production possibilities curve. C. closer to the origin the production possibilities curve becomes. D. more bowed the production possibilities curve becomes.
Answer:
The correct answer is option A.
Explanation:
A production possibility curve shows the maximum possible combination of two goods that can be produced using all the available resources and state of technology.
An increase in economic growth causes the production possibility curve to shift to the right. The faster the economic growth the more the economy will be able to produce. So the farther the production possibilities curve will shift out.
An example of a noncooperative game is________.
a. a joint venture among agribusiness firms
b. none of the other answers
c. price competition among agribusiness firms
d. a joint investment among agribusiness firms
Answer:
c. price competition among agribusiness firms
Explanation:
A non cooperative game is a game where the players (individuals) in a game do not cooperate; the engage in competition in the hopes of earning the highest payoffs.
When firms in an agribusiness engage in price competition, they are not in cooperation and they are hoping to earn the highest revenue.
An example of a non cooperative game is the prisoners dilemna where confessing (Not cooperating) is the best strategy.
Imagine that you are a member of the band and you want to purchase some items from a music supply store. Use what you've learned to create a purchase order that you will send to the vendor you've chosen. Feel free to be creative with the items and business names. Just be sure to include all of the required elements of a purchase order that we identified in this section.
Purchase Order
Vendor: Music Haven Supplies
Items: Electric Guitars, Drum Kit Deluxe, Bass Guitar
Quantity: 2, 1, 1
Total Amount: $3,800
Terms: Net 30 Days
Authorized by: [Your Name]
Purchase Order
Vendor: Music Haven Supplies
Address: 123 Harmony Street, Melodyville
Date: [Current Date]
Bill To: Rock Rhythms Band
Address: 456 Groove Avenue, Harmonytown
Ship To: Rock Rhythms Band
Address: 456 Groove Avenue, Harmonytown
Item Details:
1. Product: Electric Guitar
- Quantity: 2
- Unit Price: $800
2. Product: Drum Kit Deluxe
- Quantity: 1
- Unit Price: $1,500
3. Product: Bass Guitar
- Quantity: 1
- Unit Price: $700
total Amount: $3,800
Terms: Net 30 Days
Authorized by: [Your Name]
Notes: Please ensure prompt and accurate delivery. Thank you!
This Purchase Order is crafted in adherence to the identified elements, facilitating a seamless transaction with Music Haven Supplies for Rock Rhythms Band.
On the My M&Ms website buyers can place custom orders for M&Ms. They can choose their own colors, put a personalized text message on the candies, and even upload a photo to be placed on each M&M. Which targeting strategy is M&M using for My M&Ms?
A. Undifferentiated marketing
B. Differentiated marketing
C. Concentrated marketing
D. Local marketing
E. Individual marketing
Final answer:
M&M uses Individual marketing for My M&Ms, allowing for personalized orders including color choice, text messages, and photo uploads to cater to unique customer preferences.
Explanation:
The targeting strategy M&M is using for My M&Ms, where buyers can place custom orders with their own colors, personalized text messages, and even upload a photo to be placed on each M&M, is Individual marketing. This strategy is geared towards delivering personalized products to meet the unique requirements of each customer. By allowing customization down to the level of individual preferences, M&Ms caters to a niche segment that values this level of personalization and uniqueness in their purchases, distinguishing itself from competitors that offer more generic, mass-produced options.
Red Eye Shipping Inc. has purchased a business intelligence system. The main advantage of such a system is that it eliminates the need for maintaining large data warehouses and eliminates the need for data mining.
True / False.
Answer:
FALSE
Explanation:
A Business Intelligence system generate predictive outcome from the business operations from historical and current data. This data have been gathered from a data warehouse thus, the company still needs to maintain a data warehouse to feed the business intelligence system. As there is a need for a data warehouse, the statement is false.
As a contract, the bill of lading specifies that the carrier
a. is obligated to provide a transportation service in return for a certain charge.
b. receives payment from a third-party such as a bank or trading house.
c. has obtained the merchandise described on the face of the document.
d. provides a written promise of payment before releasing the merchandise.
Answer:
As a contract, the bill of lading specifies that the carrier A) is obligated to provide a transportation service in return for a certain charge.
Explanation:
The Bill of Landing refers to the document that consists of detail of all the goods in a shipment to be delivered by the transporting company or individual. In other words, it is a receipt carrying the information of each good that is to be shipped. It also acts as a contract for the carrier of the shipment, and according to this contract, the carrier is obligated to provide a transportation facility in return for a certain charge.
Therefore, alternative A is correct about the Bill of Landing.
Stores such as T.J. Maxx, Burlington Coat Factory, and Marshalls buy manufacturers' seconds, overruns, returns, and off-season production runs at below wholesale prices. These firms that resell this merchandise to consumers at deep discounts are called
a.category killers.
b.off-price retailers.
c.specialty retailers.
d.hypermarkets.
e.discount retailers
Answer: Off price retailers
Explanation: In simple words, it refers to the retailers that sells high quality products at relatively lower prices than market. The key to their business structure is the discount they offer as the majority of product they sell are of second hand quality or are off seasoned.
They procure material directly from the suppliers in the form of scrap etc and then sells it to retailer at heavy discounts. Hence from the above we can conclude that the correct answer is off price retailers.
A group of uniform rental companies agreed that they would not charge less than $5 per week per uniform even before the newly opened chicken plant contacted them for bids. This is an example of: price discrimination. a contrivance. collusion. business defamation. a conspiracy.
Answer:
A group of uniform rental companies agreed that they would not charge less than $5 per week per uniform even before the newly opened chicken plant contacted them for bids. This is an example of collusion.
Explanation:
A collusion is defined as an illegal cooperation that aims to deceive. In the example, the suppliers of a good [the uniforms, in this case] are agreeing amongst them to not sell the good below a certain bound so that they can maximize their earnings. This practice is illegal and in many cases is penalized because the collusion goes against the principles of healthy compeititon in a market by preventing it to define its own equilibrium price. It artificially rises the prices and creates distortions in the market.
Shelly is undergoing the six-step process for establishing prices for a newly launched product. She has just finished assessing the target market's evaluation of possible prices. What is Shelly's next step?
Answer:
Evaluation of competitors price
Explanation:
Shelly must benchmark her product's price against its direct competitors, how often they offer discounts or promotions, etc. She should also evaluate differences in product quality, and if possible, she should try to get information about her competitors' costs.
Are you offering a high quality, medium quality or low quality product? Is your price correct according to what the competition offers? Or is it too high or too low? If so, why is it too high? It it's too low, it is always easier to increase the price but decreasing it may b difficult.
Depending on what type of product you want to sell and the relationship that your company has with retailers, the distribution costs can affect your final price. For example, some companies make special deals with some retailers to give them exclusive rights to sell their products at a certain price that tends to be much lower than their competitors'.
Suppose that marginal propensity to consume is equal to 0.9, and the government increases its spending by $200 billion. This new increase in spending is financed by a fresh increase in taxes equal to $200 billion. As a result of this, GDP will:
a. not change at all.
b. decrease by $200 billion.
c. increase by $2,000 billion.
d. increase by $200 billion.
e. increase by $1,800 billion.
Final answer:
With a marginal propensity to consume of 0.9, the spending multiplier is 10. However, since the increase in government spending is offset by an equal increase in taxes, the net effect on GDP is zero, so GDP would not change at all.
Explanation:
Given that the marginal propensity to consume (MPC) is equal to 0.9, we can calculate the spending multiplier using the formula 1/(1-MPC). The spending multiplier in this case would be 1/(1-0.9) = 10. When the government increases its spending by $200 billion and finances it by increasing taxes by the same amount, the immediate impact is neutral on the income of consumers; they have more government spending but less after-tax income by an equal amount, therefore, there is no initial increase in consumption. However, the multiplier effect states that any change in spending will have a multiplied effect on GDP. Nevertheless, since the tax increase withdraws the same amount from the economy as the spending adds to it, assuming no other changes, the net effect on GDP would be zero. Therefore, the answer is a. not change at all.
The hallmarks of a high-performance corporate culture include
A. a deep commitment to pioneering new best practices, a preference for being a fast-follower as opposed to a first-mover or late-mover, and across-the-board bonuses for all personnel when the company meets or beats stretch objectives.
B. a strong emphasis on teamwork, strict enforcement of company policies and procedures, and incentive compensation for all employees aligned with a balanced scorecard approach to measuring performance.
C. a deep commitment to top-notch quality and superior customer service, dedicated use of TQM and/or Six Sigma quality control programs, and the payment of big performance bonuses and stock options.
D. a "can-do" spirit, pride in doing things right, no-excuses accountability, and a pervasive results-oriented work climate where people go the extra mile to meet or beat stretch objectives.
E. a deep commitment to employee training, unusually attractive fringe benefit packages for company personnel, and frequently revised and updated values and ethics statements.
Answer:
The correct answer is D. a "can-do" spirit, pride in doing things right, no-excuses accountability, and a pervasive results-oriented work climate where people go the extra mile to meet or beat stretch objectives.
Explanation:
A true high performance organizational culture is the basis of innovation. Culture inspires people to go beyond their tasks, to take risks, to experiment and to make good decisions even when there is no one to control them.
Next, we tell you what are the 2 main characteristics of a high performance organizational culture:
Each culture is unique. Some organizations have a strong personality; a powerful essence derived from a deep heritage. Others, such as Netflix or Google, have created their own hallmark. The combination of values, character, and beliefs generate deep empathy among employees, making their work more meaningful and rewarding.Even so, they all encourage a set of similar behaviors; Although there are different corporate “personalities”, all these promote similar behavior patterns. The people within these organizations are passionate about success; They are oriented to continue growing, focus on their customers and their competition, rather than internal policies. They think as owners and have a tendency to act in different situations. They build work teams encouraging collaboration and always open to change, essential characteristics for innovation.Developing and maintaining this type of culture is a challenge, but it is possible; Leadership is key in this regard. A cultural change cannot be made without the leaders themselves adopting the behavior and values they wish to generate in the new culture. The most effective way to transmit it, is that they constantly have direct contact with the team, especially with key people who believe in culture and have an important weight within the organization, since they will be responsible for transmitting it to others. They are not afraid of the need to make changes to support the new culture, and constantly check that performance continues to remain high, as the culture progresses and evolves.
A high-performance corporate culture is characterized by a 'can-do' spirit, 'no-excuses accountability', and a results-oriented work ethic, which encourages employees to excel and meet or exceed objectives.
Explanation:The hallmarks of a high-performance corporate culture can somewhat be seen in all the given options, but most emphatically expressed in option D. A sound corporate culture often demonstrates a 'can-do' spirit, takes pride in doing tasks right, embraces 'no-excuses accountability', and embodies a results-oriented work climate where staff go the extra mile to meet or beat stretch objectives. Remaining resilient and tenacious, despite setbacks, promotes a culture of growth and innovation. Accountability keeps employees invested in their tasks and conveys that everyone's role matters. A results-oriented work environment motivates and pushes everyone to strive for excellence. Therefore, these characteristics combined shape a high-performance corporate culture.
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