What are the two opposing forces that multinational companies have to face when competing around the globe?
What will be an ideal response?
Multinational companies face two opposing forces when competing around the globe: cost reductions versus local responsiveness.
One of the core drivers for globalization is to expand the total market of firms in order to achieve economies of scale and drive down costs. Cost reductions achieved through a global-standardization strategy often reinforce a cost-leadership strategy at the business level. Similarly, local responsiveness increases the differentiation of products and services, reinforcing a differentiation strategy at the business level. Although there seems to be some convergence of consumer preferences across the globe, national differences remain, due to distinct institutions and cultures.
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Adopting a just-in-time (JIT) manufacturing process may enable a company to increase manufacturing cycle efficiency (MCE)
Indicate whether the statement is true or false
The small firm has a particularly strong need to develop both managerial and professional employees.
Answer the following statement true (T) or false (F)
Which of the following statements is TRUE?
A) A trial court is bound by a decision on the same point of law made by another trial court in the province. B) A trial court is bound by a decision on the same point of law made by any Court Appeal in Canada. C) A trial court is bound by a decision on the same point of law made by any Court of Appeal in Canada except for the Quebec Court of Appeal. D) Decisions of the Supreme Court of Canada are binding on all courts in Canada except those in Quebec. E) None of the above.
The following unadjusted and adjusted trial balances are from the current year's accounting system for Excelsior. Excelsior
Trial Balances For Year Ended December 31 ? Unadjusted Trial Balance Adjusted Trial Balance? Debit?CreditDebit?CreditCash11,300?11,300?Accounts receivable16,340?17,140?Office supplies1,145?645?Prepaid advertising1,000?450?Building26,700?26,700?Accumulated depreciation-Building …?1,300?6,300Accounts payable ……………………...?3,320?3,500Unearned services revenue ……………?4,410?3,010Retained earnings ……………………….?17,905?17,905Services revenue…………………….?72,400?74,600Salaries expense ……………………….34,500?34,500?Utilities expense………………….. 5,450? 5,630?Advertising expense …………………….. 2,900? 3,450?Supplies expense ………………………..?? 500?Depreciation expense- building………….?? 5,000?Totals………………….99,33599,335105,315 105,315Present the six adjusting entries in general journal form that explain the changes in the account balances from the unadjusted to the adjusted trial balance. What will be an ideal response?