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Peregrine Exam Day 5 Questions and Verified Answers| 100% Correct| Grade A+
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Peregrine Exam Day 5 Questions and Verified Answers| 100% Correct| Grade A+
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Peregrine Exam Day 5 Questions and VerifiedAnswers| 100% Correct| Grade A+
organizational culture - ✔✔the set of values, ideas, attitudes, and norms of behavior that is learned
and shared among the members of an organization
4 types of organizational culture - ✔✔clan, adhocracy, market, hierarchy
Clan - ✔✔oriented cultures are family-like, with focus on mentoring, nurturing, and doing
things together
adhocracy culture - ✔✔are dynamic and entrepreneurial, with focus on risk taking and doing things first
market culture - ✔✔result oriented, focus on competition, achievement and getting the job done
hierarchy - ✔✔structured and controlled, focus on efficiency, stability and doing things right
Vision Statement - ✔✔expresses what the organization should become, where it wants to
go strategically
Integration - ✔✔the act of uniting or bringing together, especially people of different races
Industry Analysis - ✔✔business research that focuses on the potential of an industry
Activity Analysis - ✔✔measures how efficiently a firm is utilizing its assets
, antitrust laws - ✔✔laws that encourage competition in the marketplace
Sherman Antitrust Act - ✔✔First federal action against monopolies, it was signed into law by
Harrison and was extensively used by Theodore Roosevelt for trust-busting. However, it was initially
misused against labor unions
Federal Trade Commission - ✔✔a federal agency established in 1914 to investigate and stop
unfair business practices
Clayton Antitrust Act - ✔✔1914 law that strengthened the Sherman Antitrust Act
Federal Trade Commission sometimes interlaps with what department? - ✔✔Department of Justice
Strategic Leadership - ✔✔the ability to anticipate, envision, maintain flexibility, think strategically,
and work with others to initiate changes that will create a positive future for an organization
acquisition - ✔✔When one firm buys another
Internal Incentives - ✔✔Things that reward you from the inside (i.e.: pride, joy)
external incentives - ✔✔bonuses, acknowledgement, or promotion
Vertical Integration - ✔✔Practice where a single entity controls the entire process of a product, from
the raw materials to distribution
Low Levels of Diversification - ✔✔Single Business - 95% or more of revenue comes from a
single business.
Dominant Business - Between 70% and 95% of revenue comes from a single business.
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