In a free enterprise system, what drives individuals to risk their savings in a business venture is the potential for profit the increase in stock prices.
What is free enterprise system?A free enterprise system can be described as the economic system in which the business activities is not been controlled by the government of the country.
It should be noted that in this system government there is usually a few restrictions from the government on the types of business activities that is been engaged by the people o the country so that they can make profit.
Therefore, last option is correct.
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You have been hired as ceo of a new company focused on providing home health services. What could you do to establish a strong and positive organizational culture?.
To establish a strong and positive organizational culture craft organizational vision, values, and goals.
Why is having a strong culture vital for an organization?Businesses can fuel their staff, help them realize their potential, and give consistency and direction by creating a strong corporate culture. Even though organizational culture is an essential component of a company, long-term employees may not always notice it.
What kind of innovation broadens the uses of already-existing technologies while reflecting ongoing technological advancement?The majority of innovations are little, constant enhancements to already-existing ideas, goods, or services in the market.
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an investor purchases a treasury inflation protection securities (tips) bond with a 4% coupon. if during the first year the inflation rate is 9%, the approximate principal value of the security will be
The principal value of security at the end of the year will be $4360.
In this question, we are assuming that value of the principal amount of bond investment be $4000
The calculation is done by taking the inflation rate which is 9% as compared to coupon rate 4%. The rate of Interest taken as 9% as the inflation rate is greater in comparison to the coupon rate.
The TIPS bonds are referred to as the Treasury-Inflation Protected Security bonds and as the name defines if the inflation rate beats the coupon rate of bonds it's applied to the appreciation.The coupon rate over these bonds is usually lower than the average inflation rate every year as it allows the investors feel secured that their money is at least at par with rate of inflation.The calculation of principal value of such bonds at the maturity of one year can be calculated using the given formula,Principal value= Amount invested × (1 + Inflation rate)
Putting all the values in the formula we get,
Principal value = 4000 × ( 1+ 0.09 )
= 4000 × 1.09
= 4360
Therefore the principal value of the bond is obtained as $4360.
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A _____ is an organization of employees formed to represent workers in their disputes with management over wages, hours, and working conditions.
The sentence can be completed thus: A labor union is an organization of employees formed to represent workers in their disputes with management over wages, hours, and working conditions.
What is a labor union?A labor union is a collective group of people that come together to fight for the rights of an organization. They make sure that the interest of the employees is protected and that they are not subjected to ill-treatment by their employers.
Sometimes, the labor union can engage in protests or strikes to tender their complaints. They can also take the employers to court to fight for their rights.
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journal entry worksheet on january 1, the company purchased equipment that cost $10,000. the equipment is expected to be worth about (or has a salvage value of) $1,000 at the end of its useful life in five years. the company uses straight-line depreciation. it has not recorded any adjustments relating to this equipment during the current year.
The business employs straight-line depreciation and has a net profit of $188,000 During the current year, it has not documented any adjustments pertaining to this equipment.
A company's net profit, also known as net earnings, net income, or colloquially "the bottom line," is determined by adding up all of its expenses and deducting them from its revenue. The depreciation result shows how much the business has made or lost over a given accounting period, which could be one month, one quarter, six months, or one year.
A company's net profit is its profit after operational costs and any other costs, such as depreciation, interest, and taxes, have been subtracted from total revenue. This definition applies to depreciation any entity that does business, including individuals, organizations, and companies.
Date General Journal Debit Credit
Dec.31 Depreciation expenses 1800
Equipment $1800
(Being entry recorded for depreciation expense)
Explanation- Straight line Method-
= Cost of asset- Salvage value of asset/No. of useful life (years)
=($10000-$1000)/5 years
=$9000/5 years
= $1800
Year 2019 depreciation expense = $1800
STARK COMPANY
INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31
PARTICULARS AMOUNT
$
Service Revenue 35000
Less-Expenses
Supplies expense 260
Interest expense 560
Insurance expense 2100
Utilities expense 1600
Depreciation expense 3500
Wages expense 7800
Total expenses 15820
Net profit 19180
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terry, the owner of river city flooring, is driven by competition. his company sells and installs custom flooring, cabinets, and countertops. river city flooring focuses on customers by delivering quality results on tight deadlines. terry pushes his managers to continually exceed their productivity goals because that is what increases profits
Terry pushes his managers to continually exceed their productivity goals and Terry feels "there is not enough time for training." However, his employees are regularly rewarded for their success in meeting company goals, River City Flooring has an) adhocracy culture.
What is adhocracy culture?Adhocracy culture can be defined as the process in which companies tend to adapt to new changes occurring in their organization so as to achieve a goals.
Most companies or organization tend to make use of adhocracy culture to run their day to day operation or when they want to accomplish a task or when they have a target to meet.
This scenario best illustrate what is called adhocracy culture based on the fact that the owner of the company tend to always pushes his managers to exceed their productivity goals
Therefore the correct option is D.
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The complete question is:
Terry, the owner of River City Flooring, is driven by competition. His company sells and installs custom flooring, cabinets, and countertops. River City Flooring focuses on customers by delivering quality results on tight deadlines. Terry pushes his managers to continually exceed their productivity goals because that is what increases profits. Terry feels "there is not enough time for training." However, his employees are regularly rewarded for their success in meeting company goals, River City Flooring has an) culture. Multiple Choice O hierarchy market clan O o adhocracy
Suppose windell corporation understates its ending inventory amount. What effect will this have on the reported amount of net income in the year of the error?.
If windell corporation understates its ending inventory amount, it will have an understated net income.
What is Understate net income?
Companies can overestimate earnings in the future by understating them now, giving themselves a buffer for future bad trade periods and projecting a sense of stability. In order to satisfy investor and analyst demands for extremely consistent and predictable earnings, accounting cushions are used.
If ending inventory is overstated, net income will be understated as well. The cost of goods sold, which is an expense, will be inflated if the ending inventory is overstated. Net income will therefore be understated.
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What most accurately describes the difference between diminishing returns and diseconomies of scale?.
However, the two concepts are significantly different, as the law of diminishing returns refers to a decrease in production output as a result of an increase in only one input, while diseconomies of scale refer to an increase in cost per unit as a result of an increase in output.
In economics, diminishing returns is the decrease in marginal (incremental) output of a production method as the amount of a single component of production is incrementally multiplied, preserving all different elements of production equal (ceteris paribus). The law of diminishing returns (additionally referred to as the law of diminishing marginal productivity) states that inefficient tactics, increasing a component of production by one unit, whilst preserving all other production elements regularly, will some unspecified time in the future return a decreased unit of output in line with an incremental unit of entering. The law of diminishing returns no longer motivates a lower in standard production capabilities, as a substitute it defines a point on a production curve wherein producing a further unit of output will bring about a loss and is called negative returns.
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i buy a perpetuity from a bank today for $200. in five years, after collecting each year’s payment, i then offer to sell the perpetuity back to the bank. if interest rates haven’t changed, what should the perpetuity be worth at that time?
Worth of the perpetuity after 5 years is to be calculated using discounted cash flow (DCF) analysis. [P.V.×(rate) ] × 5 will be the worth of perpetuity at the time of selling
A perpetuity is a type of investment that pays forever. In the world of finance, perpetuity refers to an endless succession of identical cash flows. A perpetuity is an agreement with ongoing recurring payments that last forever.
The recurring payment must equal the present value multiplied by the interest rate. A perpetuity is a kind of annuity which is perpetual, lasting eternally. An endless period of time passes while the value of cash flows continuously.
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on january 2, 2018, moser, inc., purchased equipment for $100,000. the equipment was expected to have a $10,000 salvage value at the end of its estimated six-year useful life. straight-line depreciation has been recorded. before adjusting the accounts for 2022, moser decided that the useful life of the equipment should be extended by three years and the salvage value decreased to $8,000.
Book value is 33600 of the equipment at the end of 2022after recording the depreciation expense for 2022.
The accounting technique of spreading out the cost of a tangible item over its useful life is known as depreciation. The equipment amount of depreciation shows how much of an asset's worth has been utilized. By purchasing assets over a predetermined length of time, it enables businesses to generate income from the assets they own.
The initial cost of ownership is substantially equipment lower because businesses don't have to account for them totally in the year that assets are bought. A company's profitability might be significantly impacted if depreciation is not taken into consideration. Long-term assets may also be depreciated by businesses for accounting and tax purposes.
Original Annual dep
Cost of Equipment 100000
Less: Salvage value 10000
Depreciable cost 90000
Divide: Life 6
Annual depreciation 15000
Accumulated dep fr 4 yrs upto 31.12.21 = 15000*4 = 60,000
Book value on 01.01.19 (100000-60000) 40000
Less: Revised salvage value 8000
Depreciable cost 32000
Divide: Revsied remaining life (2+3) 5
Annual depreciation 6400
Journal entry for depreciation
Date Accounts title and explanation Debit $ Credit $
31.12.22 Depreciation expenses 6400
Accumulated depreciation-Equipment 6400
Book value on 01.01.22 (as computed above) 40000
Less: Depreciation fr 2022 6400
Book value as on 31.12.22 33600
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The complete question is
On January 2, 2015, Moser, Inc., purchased equipment for $100,000. The equipment was expected to have a $10,000 salvage value at the end of its estimated six-year useful life. Straight-line depreciation has been recorded. Before adjusting the accounts for 2019, Moser decided that the useful life of the equipment should be extended by three years and the salvage value decreased to $8,000.
a. Prepare a journal entry to record depreciation expense on the equipment for 2019. Round your answer to the nearest dollar.
b. What is the book value of the equipment at the end of 2019 (after recording the depreciation expense for 2019)?
Book Value at year ended December 31, 2019:
.37 portfolio return: a portfolio's value increases by 15% during a financial boom and by 8% during normal times. it decreases by 10% during a recession. what is the expected return on this portfolio if each scenario is equally likely?
In case X signifies a discrete irregular variable and f(x) signifies the likelihood mass work of X, at that point the anticipated esteem of X can be calculated as:
E(X)=∑x⋅f(x)
Arithmetic Cruel: This can be a basic normal of all information values in a test. It is calculated by taking the entirety of all the information and separating this by the estimate of the sample.
Weighted Cruel: An normal can too be computed by relegating diverse weights or probabilities to each information esteem. The entirety of the weighting variables must be rise to to one. Each calculate than duplicates the information esteem as they are summed.
Median: The middle is another degree of central tendency, which is unaffected by exceptions within the information. It signifies the 50 percentile in a information set. Answer
The portfolio's value:
increases by 15% amid a monetary boom increases by 5% amid typical times decreases by 13% amid
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If merchandise inventory is being valued at cost and the price level is steadily rising, the method of costing that will yield the highest net income is.
The method of costing that will yield the highest net income if merchandise inventory is being valued at cost and the price level is steadily rising is FIFO (first-in, first-out).
First In, First Out, commonly known as FIFO, can be described as an asset-management and valuation method in which assets produced or acquired first are sold, used, or disposed of first. First In, First Out assumes that assets with the oldest costs are included in the income statement's cost of goods sold (COGS).
To calculate FIFO (First-In, First Out) method we have to determine the cost of your oldest inventory and multiply that cost by the amount of inventory sold.
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According to the ucc, for the sale of goods that requires shipping, the presumption is that unless stated otherwise, the seller need only deliver the goods to __________ to complete performance.
Based on this question the answer is the buyer. So, the seller need only deliver the goods to the buyer to complete the performance.
The Uniform Commercial Code (UCC) has provisions that require some sale of goods contracts to be in writing and aim to be legally enforceable. The UCC's provisions are known as the Statute of Frauds.
In closing a sale under the Uniform Commercial Code (“UCC”), the first question to consider is whether the goods are conforming. Goods are conforming if they are precise as agreed upon in the build-up to the transaction.
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according to the jp 4-0, "using the as a frame, the jfc’s logistics staff elements develop and codify an overarching approach to theater operations in the ."
"Using the Theater Logistics analysis (TLA), Theater Logistics Overview (TLO) as a frame, the jfc’s logistics staff elements develop and codify an overarching approach to theater operations in the."
Through inspection, appraisal, and codification of knowledge about the existing circumstances of the operational environment, the theater logistics analysis (TLA) is a supporting process that makes it easier to construct the theater logistics overview (TLO). The TLA offers a rough detailed analysis of key infrastructure by location or installation (main operating base, forward operating site, cooperative security location), footprint projections, and host nation (HN) agreements needed to support logistically theater peacetime through contingency operations.The creation of the TLO is a step in the iterative planning process that focuses on defining the theater's overarching purpose at the campaign level and identifying a logistical support strategy for theatrical operations from phase 0 to phase V using the TLA and operational art components.Learn more about Theater Logistics analysis (TLA), here
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annette is currently in the 24% marginal tax bracket. she had a long-term capital gain from the sale of stock and another capital gain from a coin collection. assuming that the combined gains are not large enough to push her into a higher marginal bracket, she will be taxed
She will pay taxes on the gain from selling the stock at a rate of 15% and the gain from selling her coin collection at a rate of 24%, assuming that the total profits do not put her in a higher marginal tax bracket.
The marginal tax rate is the amount of tax you pay for every dollar of increased income. In the US, as income rises, so does the individual federal marginal tax rate. This taxation strategy, known as progressive taxation, tries to tax people in accordance profits with their income, with low-income earners paying less in taxes than high-income earners.
The rate that is applied to the taxpayer's taxable income under a marginal tax rate is often determined by grouping taxpayers into tax bands or ranges. The final dollar of income is taxed at a greater rate than the first dollar as income rises. In other words, the first dollar made is taxed at the lowest rate, the final dollar earned is taxed at the highest profits rate for that total income, and all money generated in between is taxed at the rate for the range into which it falls.
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Annette is currently in the 24% marginal tax bracket. She had a long-term capital gain from the sale of stock and another capital gain from a coin collection. Assuming that the combined gains are not large enough to push her into a higher marginal bracket, she will be taxed _______% on the gain from the sale of stock and _____% on the gain from the coin collection.
What decision support strategy uses a technique based on a non-linear predictive model that creates a hidden-layer analysis of input information that is defined using training and observed behaviors?.
Using a method based on a non-linear predictive model, the decision tree support strategy generates a hidden-layer analysis of the input data.
A decision tree is a tool for modelling probable outcomes, resource costs, utility costs, and potential consequences. It has a tree-like structure. The presentation of algorithms with conditional control statements can be done using decision trees. They have branches that stand in for choices that might end in a good outcome.
Taking known outcomes and creating a model that can forecast values for novel occurrences is known as predictive modelling. To forecast upcoming events, it makes use of historical data.
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According to the reading, what were the city’s secular purposes for displaying the crèche? check all that apply.
The display of creche is sponsored by the city to celebrate the Holiday and to depict the origins of that Holiday.
What does secular means?
In English, secular is basically used to distinguish something (like as an attitude, belief, or position) that isn't specifically religious in nature . Secularism promote the right of individuals to freedom of religion is balanced by the right to be free from religion.
Why is secularism important?Secularism raises questions about how we will balance freedom of, and from, religion with the other rights. These are few of the most important questions which raise in all of the humanities, from religious and belief education to citizenship, and from the history.
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after assigning specialized tasks to individuals, the senior manager next organized workers doing similar jobs into groups to make them easier to manage. the manager grouped the working units by job function. this is an example of
Grouping according to job function is called Departmentalization
An organizational structure known as departmentalization divides employees into groups or departments according to a specific set of standards. These divisions cooperate to carry out responsibilities under the direction of their own leadership. There may be collaboration between various departments on large or complex projects.
Departmentalization is used by organizations for a variety of purposes. It's a good way to organize a lot of people, to start with. Additionally, it can make training simpler, make performance evaluation easier, and enable quick growth or expansion. Last but not least, departmentalization successfully integrates work, enabling individuals to easily communicate with and learn from their departments.
Hence this an example of Departmentalization.
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Considering the two main types of data, if facts and figures are newly collected for a project, which type of data is being collected?.
Considering the two main types of data, if facts and figures are newly collected for a project, the type of data is being collected is primary data.
What is Data?Data are raw and unprocessed information.
They are inputs that after processing will help generate information.
The information generated from a processed data are used in solving various problem and objective.
Primary data contains raw fact, figures that are collected form various observations.
Therefore, primary data are facts and figures are newly collected for a project.
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Record journal entries for tree seedlings’ sales and purchases transactions. Assume for this assignment that the company uses a perpetual inventory system and lifo. All sales and purchases are made on account, and no discounts are offered. True of false?.
Record journal entries for tree seedlings’ sales and purchases transactions. Assume for this assignment that the company uses a perpetual inventory system and life. All sales and purchases are made on the account, and no discounts are offered.
The statement is True.
A journal entry is used to record a business transaction in the accounting information of a commercial enterprise. A journal entry is normally recorded in the fashionable ledger; rather, it may be recorded in a subsidiary ledger which is then summarized and rolled forward into the overall ledger.
They are:
starting entries. these entries deliver over the finishing balance from the preceding accounting period as the start stability for the contemporary accounting duration.
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sales are expected to grow by 14% next year. assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? do not round intermediate calculations. round your answer to the nearest dollar.
Projected spontaneous liabilities is $4,560.
What is spontaneous liabilities?
A company's obligations that naturally accrue as a result of its regular operations are known as spontaneous liabilities. An increase inside a company's cost of sales, which are the expenses related to production, is typically linked to a rise in spontaneous liabilities. Fixed costs don't fluctuate with sales volumes, like the cost of the a factory building, so they aren't regarded as unforeseen liabilities. Since they outcome from modifications in sales activity, spontaneous liabilities are referred to as "spontaneous." In other words, sales or production volumes, rather than the firm itself, directly control spontaneous liabilities.
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Percentage analysis sidesteps the materiality problems of comparing different size companies by measuring changes in percentages rather than absolute amounts. This statement is?.
By using percentage analysis, the materiality problems are sidestepped due to this the statement will be correct.
The concept of materiality in takes into account that all significant items must be fairly presented in the financial statements. The term "material items" refers to those components whose inclusion or omission significantly alters how business information clients make these decisions.
The concept of materiality also permits bypassing other accounting rules if doing so has no bearing on the financial statements of the company involved. In order to convey an accurate portrayal of the business, the data contained in the financial statements has to be full in terms of all relevant information.
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question content area which of the following is always recorded in the general journal? a.closing entries b.rendering services on account c.rendering services for cash d.purchases of supplies on account
Closing entries is always recorded in the general journal.
What items are in the general journal?
A general journal is the primary place where data is recorded, and each page in the item features columns dividing for dates, serial numbers, as well as debit or credit records. Some organizations keep journals, such as purchase journals or sales journals, that only record specific types of transactions.
What is meant by general journal?The general journal refers to a book of original entries, in which accountants and bookkeepers records raw business transactions, in order to the date of the events occur.
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tickets today contracts with the producer of riverdance to sell tickets online. tickets today charges each customer a fee of $6 per ticket and receives $15 per ticket from the producer. tickets today does not take control of the ticket inventory. average ticket price for the event is $150.
$21 revenue should Tickets Today recognize for each Riverdance ticket sold because both the fee from the customer and the producer are earned.
Customers' fee = $6
Producer's fee = $15
Total fee income = 15 + 6 = $ 21
Each Riverdance ticket sold should generate $21 in revenue.
Ticket Now has managed to sell the ticket (which is believed to be non-refundable) and has completed the required task (selling the tickets), so the revenue of $21 should be recognized.
Here is the complete question-
Tickets Today contracts with the producer of Riverdance to sell tickets online. Tickets Today charges each customer a fee of $6 per ticket and receives $15 per ticket from the producer. Tickets Today does not take control of the ticket inventory. Average ticket price for the event is $150.
How much revenue should Tickets Today recognize for each Riverdance ticket sold?
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for job-order cost system, which statement is not correct? group of answer choices products are manufactured to order. indirect materials are charged to specific jobs. direct labor is assigned to a job using information from the employee time ticket. many different products, each with individual and unique features, are produced each period.
For job-order cost system, which statement Indirect materials are charged to specific jobs is not correct. The cost of manufacturing each product is calculated using the job order technique of pricing.
This costing method is typically used when the producer has to determine the cost for performing a specific task while producing a number of items that differ from one another. Professional services like those provided by doctors, attorneys, and chartered accountants, for instance, are client-specific. The price of these services is therefore determined using the job order costing method.
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the manager is reviewing the implementation of the transitional relationship model (trm) on a care area. which data should the manager identify that supports the successful implementation of this model? select all that apply.
For the Transitional Relationship Model (TRM) to be implemented successfully, the management should identify the following data: Clients are discharged 5 days earlier than previously, and the number of readmissions has decreased 6% during the past 2 months.
Unless a therapeutic relationship is established with a public care provider, the transitional relationship model (TRM) supports clients discharge by offering peer support and hospital staff participation.
An indigenous technique was used to analyse qualitative data in order to learn about people's perceptions and experiences with TRM implementation as well as to assist pinpoint the major problems that were either facilitating or impeding it.
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the timberlake-jackson wardrobe co. has 7 percent coupon bonds on the market with 9 years left to maturity. the bonds make annual payments and have a par value of $1,000. if the bonds currently sell for $961.50, what is the ytm?
If the bonds currently sell for $961.50, is the yet 7.61%
How is annual pay determined?To calculate the monthly income, divide the earned income by the number of months worked. To calculate the annualized wage, multiply the monthly income by 12 (the number of months in a year).
Describe a bond.When they need to raise money, governments and businesses issue bonds. By purchasing a bond, you are effectively lending the issuer money. In exchange, they commit to repay you the face amount of the loan on a particular date and to make periodic interest payments—typically twice a year—along the way.
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people ask a lot from leaders of their organization, including which of the following? (check all that apply.) multiple select question. a fun work environment support for personal development respectful and fair treatment competence and proper management
people ask a lot from leaders of their organization - competence and proper management, support for personal and respectful and fair treatment
What is leader?
The ability of a person, group, or organisation to "lead," influence, or guide other people, groups, or entire organisations is referred to as leadership, both as a field of study and also as a practical skill. The term "leadership" is frequently seen as a contentious one. The subject is debated in specialised literature from various points of view, sometimes contrasting Eastern and Western leadership styles as well as (within the West) North American vs European styles. Leadership is "a process of social influence through which an individual can enlist the aid and support of others for the attainment of a common and ethical task," according to academic environments in the United States. Leadership is essentially an influential power relationship in which the strength of one group (the "leader") encourages others to move or change (the "followers").
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calculate the unemployment rate based on the following data for a country: population: 200, employed workers: 140, labor force: 160, discouraged workers: 10. select one: a. 10% b. 7.15% c. 12.5% d. 18.75%
The unemployment rate of the country given its data on the labor force and the number of employed workers is 12.5%.
What is the unemployment rate?The unemployment rate of a country is the percentage number of people in the labor force that do not have a job. The unemployment rate is the ratio of the unemployed to the total labor force. A person is considered unemployed if he does not have a job, is between the ages of 17 and 65 and is actively looking for a job.
A discouraged worker is a person who has been unemployed for a long while and has stopped looking for employment. A discouraged worker is not considered to be part of the labor force. The labor force is the sum of the employed workers and the unemployed workers.
Unemployment rate = (number of unemployed workers / total labor force) x 100
Labor force = employed workers +unemployed workers
Unemployed workers = labor force - employed workers
160 - 140 = 20
Unemployment rate = (20 / 160) x 100 = 12.50%
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eagle electronics must expand by building a second facility. the search has been narrowed down to locating the new facility in one of four cities: atlanta (a), baltimore (b), chicago (c), or dallas (d). the factors, scores, and weights follow: scores by site i factor weight (w i )a b c d 1 labor quality 20 5445 2 quality of life 16 2341 3 transportation 16 3432 4 proximity to markets 14 5344 5 proximity to suppliers 12 2334 6 taxes 12 2554 7 energy supplies 10 5433
The best site for Eagle Electronics is using factor rating method.
How to illustrate the information?The information given can be illustrated as:
Factor Factor Description Weight Score Weighted Score Score Weighted Score Score Weighted Score Score Weighted Score
a b a*b c a*C d a*d e a*e
1 Labor Quality 18 2 36 1 18 4 72 1 18
2 Quality of Life 18 2 36 3 54 4 72 1 18
3 Transportation 15 2 30 3 45 4 60 2 30
4 Proximity to Markets 16 1 16 2 32 4 64 3 48
5 Proximity to Suppliers 10 4 40 3 30 5 50 3 30
6 Taxes 12 1 12 2 24 4 48 2 24
7 Energy Supplies 10 2 20 4 40 5 50 3 30
Composite Weighted Rating (Total) 190
Based on the information, using factor rating method, the best site for Eagle Electronics; new facility is C with a total weighted score of 416.
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a small, blockchain-based banking firm has a clan culture. its employees have generous perks and are empowered to participate and collaborate on key projects
Since the employees of this banking firm have generous perks and are empowered to participate and collaborate on key projects, it implies that a clan culture has an: internal focus and values flexibility.
What is culture?Culture simply refers to the general way of life of people in a specific society or geographical area. This ultimately implies that, culture can be defined as a sum total of the norms, beliefs, values, clothes, language, foods, and behaviors which a group of people that are living in a geographical area share in common.
What is a clan culture?A clan culture can be defined as a corporate culture model that emphasizes consensus, internal focus, flexibility, and commonality of goals and values among the employees working in a business organization (company or firm).
In this context, we can reasonably infer and logically deduce that a clan culture simply refers to a tribe-like or family-like type of corporate environment which is primarily characterized by internal focus, consensus, values, and flexibility.
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Complete Question:
A small, blockchain-based banking firm has a clan culture. Its employees have generous perks and are empowered to participate and collaborate on key projects. The end results are profitability and an enviably low 2-percent turnover rate. A clan culture has a(n):
internal focus and values flexibility.
strong external focus and values stability and control.
external focus and values flexibility.
Internal focus and values stability and control