Collectivist cultures are more likely to trust e-commerce because of safety measures such as guarantees, laws, and policies
Indicate whether the statement is true or false.
Answer: False
Explanation: Research suggests that individualistic cultures (which are prevalent in developed economies like the U.S.) are more likely to trust e-commerce because purchases are backed by mechanisms based on individualistic cultural norms: guarantees, laws and policies, and security measures.
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On November 1, 2018, A & C Janitorial Supply sold merchandise on account with a cost of $4,200 for $6,000 and payment terms of 3/10, n/30. The company uses the gross method and a perpetual inventory system. Prepare the journal entries for this transaction. Omit explanations.
What will be an ideal response?
Which of the following is NOT an implication of the going-concern assumption?
a. The historical cost principle is credible. b. Depreciation and amortization policies are justifiable and appropriate. c. The current/noncurrent classification of assets and liabilities is justifiable and significant. d. Amortizing research and development costs over multiple periods is justifiable and appropriate.
Humor is a universal human characteristic; people of most cultures find similar things humorous
Indicate whether the statement is true or false.
The terms "bilateral" and "unilateral" as applied to contracts are based on:
A) What the offeror must do to accept the offer. B) The number of attempts made to form a contract. C) The number of parties in a contract. D) The number of attempts it took for a contract to be successfully performed. E) What the offeree must do to accept the offer.