Describe the reasons for increasing business globalization.
What will be an ideal response?
The main reason is to increase business, which is aided by the world becoming a global village where goods, ideas, services, and knowledge flow freely across national borders, creating greater demand for products. Barriers to trade have been minimized compared to historical norms, even though there is a series of trade blocs that operate in multiple countries. Barriers to transportation, communication, and culture have also lessened. But the biggest reason for globalization is to remain competitive.
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Companies can analyze their e-service effectiveness by:
A) identifying the click paths used to get to their site. B) using web-traffic analysis software to track such things as site abandonment rates. C) using Web-analytics data to constantly improve their site. D) All of the above.
After aging the accounts receivable, it is estimated that $790 will not be collected and the allowance account has an existing debit balance of $230 . The adjusting entry under the aging approach would be for the amount of
a. $790. b. $230. c. $560. d. $1,020.
The grapevine is
A. a formal communication channel. B. almost wholly inaccurate. C. slower than formal channels. D. the source of as much as 90 percent of all organizational communication. E. more active when official communication is lacking.
Three percent of the customers of a mortgage company default on their payments. A sample of five customers is selected. What is the probability that exactly two customers in the sample will default on their payments?
A. 0.0003 B. 0.0082 C. 0.0077 D. 0.0008