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—Formal systems include explicit rules, procedures, performance measures, and incentive plans that guide the behavior of its managers and other employees

—Informal systems include shared values, loyalties, and mutual commitments among members of the company, corporate culture, and unwritten norms about acceptable behavior

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What is the differences between a formal and informal bookkeeping system?

difference between informal business bookkeeping and formal business bookkeeping in there stock


Differences between the bookkeeping system of the informal sector and the formal sector?

differences between the bookkeeping systems of informal and formal sectors


What is a groups formal and informal means of enforcing norms?

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The three different types of social control are informal social control, formal social control, and legal social control. Informal social control includes mechanisms such as norms and values enforced by informal means. Formal social control refers to the use of social institutions like families, schools, and peer groups to enforce conformity. Legal social control involves the use of laws and the criminal justice system to regulate behavior within a society.


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Major determinants of organizational behavior?

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