Which of the following tends to reduce understanding in cross-cultural negotiations?
A. Not overestimating one's familiarity with his or her counterpart's culture
B. Not identifying a counterpart's home culture too quickly
C. Being aware of the Western bias toward "doing"
D. Accepting the tendency to formulate simple, consistent, stable images
Answer: D
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When the current year's ending inventory amount is overstated, the
a. current year's cost of goods sold is overstated. b. current year's total assets are understated. c. current year's net income is overstated. d. next year's income is overstated.
Under the direct method, which one of the following would represent cash paid?
a. Losses on sales of plant assets b. Gains on sales of plant assets c. Interest expense, adjusted for changes in interest payable and amortization of bond premium or discount d. Depreciation expense, adjusted for changes in depreciation methods
If beginning and ending work in process inventories are $5,000 and $15,000, respectively, and cost of goods manufactured is $170,000, what is the total manufacturing cost for the period?
A. $160,000. B. $180,000. C. $155,000. D. $175,000. E. $165,000.
James Dodgsen is a student in a graduate course in business. The professor in the course has given Dodgsen and his classmates a surprise quiz in class. Dodgsen did not do the reading for class that day because he had been grading papers as part of his TA position. He has been prepared for every other class that semester. As he glances as the quiz questions, he realizes that he does not know any
of the answers. However, he sees that Jane Frampton, the student who sits next to him, is well prepared and answering the questions with great ease. He can see her answers because of her large, block-style printing. Dodgsen copies her answers. a. Dodgsen is justified in using the answers because he the pop quiz was unfair. b. Dodgsen is justified in using the answers because he was fulfilling his TA responsibilities instead of preparing for class. c. Dodgsen is justified in using the answers if he intends to read the material eventually. d. Dodgsen has been dishonest. e. None of the above