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16.1 Culture in Business

AB
cultureThe beliefs, customs, and attitudes of a distinct group of people.
customA practice followed by people of a particular group or region.
business cultureThe standards of a particular company
business etiquetteconsuct that is considered socially acceptable in business
corporate cultureA company's shared values, beliefs, and goals.
hierarchyChain of command. A hierarchy usually has one person at the top who makes all of the decisions.
bureaucracySeveral levels of management
Formal cultureA formal business culture usually has a strict hierarchy or chain of command. Job titles are indicators of power and status and dress codes and work hours are strictly enforced.
Informal cultureEmployees ar encouraged to make decisions on their own. They are allowed to dress causally and have more flexible work hours. Job titles are not as important as creativity and teamwork.


Business Education
Tolland High School
CT

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