Question 1

A story is a phrase or sentence that succinctly expresses a key corporate value.

Accepted Answer

A story is not a phrase or sentence, but rather a narrative that conveys a message or lesson through characters and plot. However, a company may use a story to illustrate or exemplify one of its key values.

Question 2

Planned activities that make up a special event and that are conducted for the benefit of an audience are known as a ceremony.

Accepted Answer

This is the correct definition of a ceremony.

Question 3

A cultural leader articulates a vision for the organisational culture that employees can believe in.

Accepted Answer

A cultural leader plays a critical role in inspiring and guiding the development of an organization's culture. They must articulate a compelling vision that employees can connect with and believe in, in order to foster a positive and productive work environment.

Question 4

Political activity refers to any organisational attempts to influence government legislation and regulation.

Accepted Answer

Political activity involves various methods such as lobbying, campaigning, and advocacy, aimed at influencing government policies and decisions.

Question 5

In adaptive corporate cultures,managers are concerned about themselves,and their values tend to discourage risk taking and change.

Accepted Answer

In adaptive corporate cultures, managers are focused on adapting to change and are willing to take risks to achieve this. They encourage innovation and adaptability in employees.

Question 6

A joint venture is a form of direct investment in which an organisation shares costs and risks with another organisation to build a manufacturing facility,develop new products or set up a sales and distribution network.

Accepted Answer

This statement accurately defines a joint venture.

Question 7

Forecasting is an effort to spot trends that enable managers to predict future events.

Accepted Answer

Forecasting involves analyzing past trends and data to predict future events, and it is often used by managers to make informed decisions about their organization's future.

Question 8

Mergers are a major factor in an organisation's external environment.

Accepted Answer

Mergers involve the combination of two or more organizations, and therefore impact an organization's external environment by changing their competition, market share, and overall industry structure.

Question 9

Management orientation based on trust in the ability of a partner to work out an equitable solution to conflicts so that everyone profits from the relationship is known as a 'partnership orientation'.

Accepted Answer

Partnership orientation is indeed based on trust in the ability of partners to work out equitable solutions to conflicts so that everyone benefits from the relationship.

Question 10

A trade association is one made up of organisations with similar interests of the purpose of influencing their environment.

Accepted Answer

This is the correct definition of a trade association.

Question 11

The shared knowledge,beliefs,values,behaviours and ways of thinking among members of an organisation is known as its culture.

Accepted Answer

This statement is true. Culture refers to the collective beliefs, values, customs, and social behavior of a group or society, and within an organization, it refers to the shared knowledge, beliefs, values, behaviors, and ways of thinking among its members.

Question 12

The involvement culture emphasises an internal focus on the involvement and participation of employees to rapidly adapt to changing needs from the environment.

Accepted Answer

The involvement culture places great importance on employee participation and adaptation to environmental changes from an internal perspective.

Question 13

A symbol is a figure who exemplifies the deeds,character and attributes of a corporate culture.

Accepted Answer

A symbol is an object, sign, or image that represents or stands for something else, often conveying deeper meanings or values, rather than a figure exemplifying deeds and attributes.

Question 14

Advertising's main goal is to influence public opinion about the organisation.

Accepted Answer

Advertising's main goal is to promote and sell products or services, not primarily to influence public opinion about the organization itself.

Question 15

Which of these is a part of an organisation's internal environment?

Accepted Answer

The internal environment of an organization comprises of all those factors that exist within the boundaries of the organization, including its stakeholders, organizational culture, employees, management policy, organizational structure, workflow, and resources. Out of the given options, both casual and full-time staff members are part of an organization's internal environment. Therefore, the best choice is option D - Both B and C. Customers and competitors belong to the external business environment.

Question 16

The symbols of an organisation's culture may include the tables,chairs and decorations of an office space.

Accepted Answer

The physical environment of an organisation, including office space and furnishings, can serve as symbols of its culture.

Question 17

The set of key values,beliefs and norms that are shared by members of an organisation are combined to create the symbols of an organisation.

Accepted Answer

The set of key values, beliefs, and norms shared by members of an organization actually define the organization's culture, not its symbols. Symbols, such as logos or specific colors, may represent or express aspects of this culture, but they are not created by combining these values, beliefs, and norms.

Question 18

Managers must over-communicate to ensure that employees understand the new culture values,and they signal these values in actions as well as words.

Accepted Answer

It is important for managers to communicate the new culture values clearly and consistently, and to also demonstrate them through their actions, in order for employees to fully understand and embrace these values.

Question 19

The 'achievement culture' emerges in an environment that requires fast response and high-risk decision making.

Accepted Answer

The 'achievement culture' typically emerges in settings such as startups, venture capital firms, and high-stakes industries where rapid decision making and risk-taking are necessary for success.

Question 20

A hero is someone that exemplifies the deeds,character and attributes that represent the culture that a corporation wishes to maintain.

Accepted Answer

This statement is true. A hero, in the context of a corporation, is often used as a symbol that embodies the values and beliefs that a company promotes. They serve as an example for others to follow and represent the ideal traits that the company hopes to cultivate and maintain.

Quiz 3: The Environment and Corporate Culture