Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

1. Introduction to Accounting

Business Organization

Financial Accounting

1. Introduction to Accounting

Business Organization

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Multiple Choice

Culture supports business performance because it:

eliminates the need for formal policies

aligns employee behavior with organizational goals

removes the necessity for leadership

guarantees higher profits regardless of strategy

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Verified step by step guidance

Step 1: Begin by understanding the concept of organizational culture in the context of business performance. Organizational culture refers to the shared values, beliefs, and practices that shape the behavior of employees within a company.

Step 2: Analyze how culture influences employee behavior. A strong organizational culture aligns employee actions with the company's goals and objectives, ensuring that everyone works towards a common purpose.

Step 3: Evaluate the options provided in the problem. Consider whether culture can eliminate the need for formal policies, remove the necessity for leadership, or guarantee higher profits regardless of strategy. These claims are generally not accurate or sustainable in a business context.

Step 4: Focus on the correct answer: 'aligns employee behavior with organizational goals.' This is the most logical and widely accepted benefit of a strong organizational culture, as it fosters consistency and commitment among employees.

Step 5: Conclude by emphasizing that while culture is a powerful tool for improving business performance, it works in conjunction with other elements like leadership, strategy, and policies to achieve success.