In a business setting, a firm's system of shared actions, values, and beliefs that develops within the company and guides the behavior of its members is called its __________.
A) institutional system
B) corporate culture
C) indigenous entropy
D) bureaucracy
E) domestic culture

Question

Quizplus · Accepted Answer

The term used to describe a firm's system of shared actions, values, and beliefs that guides the behavior of its members is known as corporate culture. It involves the organizational climate, attitudes, and practices that shape the way work is done within the company and how employees perceive their roles and responsibilities. A strong corporate culture helps build a sense of commitment and loyalty among employees, while a weak or negative culture can impede productivity and growth.

In a Business Setting, a Firm's System of Shared Actions