The following statements relate to organisational culture : Statement I : Culture is the cumulative preference of some states of life and some organized ways of dealing with basic concerns by members of a society. Statement II : There are various ways of making employees aware about the organization's culture. These include stories, language, rituals, organizational structure and physical layout and rules and policies. Which of the following options is correct?
Both the statements I and II are correct
Both statements are true. Organisational culture comprises shared values, preferences and established ways of addressing concerns. Stories, language, rituals, structures, physical arrangements and policies can communicate and reinforce that culture.
Match List-I with List-II and select the correct answer by choosing from the codes given below :
| List – I | List – II |
| a. Variable-pay program | i. An incentive plan for tde improvement of group productivity linked witd total amount of money allocation. |
| b. Piece-rate pay plan | ii. Compensation distribution based on certain formula around company’s profitability |
| c. Profit-sharing plan | iii. Workers are paid a fixed sum for each unit of production |
| d. Gain sharing | iv. Portion of employees’ pay based on individual/ organizational measure of performance |