When Porsche filmed an advertisement in which its vehicles ran over the Great Wall of China, Chinese consumers were left more confused than intrigued. To address or avoid such issues, one important cultural classification scheme that firms can use is Geert Hofstede's cultural dimensions concept. Hofstede proposes that cultures differ on all of the following dimensions except
A. time orientation.
B. masculinity.
C. indulgence.
D. collectivism.
E. individualism.
Answer: D
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Grand Stores, Inc is concerned about its profitability for the current year, since its profit margin has dropped 10% since last year. Which of the following is the least useful comparison in evaluating the drop in Grand Stores' profit margin?
a. Comparison with the industry average for the current year b. Comparison with its current ratio for the current year c. Comparison with the profit margins for its major competitors for the current year d. Comparison with its profit margins for the past five years
If a company records a $310 receipt as $130, this type of error is called a(n)___________
Fill in the blank(s) with correct word
When a periodic inventory system is used, ________.
A) an adjusting entry is needed to record the ending Merchandise Inventory account balance B) the process for closing the Income Summary and Dividends accounts differs from the process used in the perpetual inventory system C) beginning Merchandise Inventory, Purchases, and Freight In accounts are closed via the Income Summary Account D) there is no need to take a physical count of inventory
When a union tries to create negative publicity surrounding an employer's behavior in a labor dispute to get other members of the community (business and financial partners, consumers, politicians, and government) to pressure it to settle it is known as a _______________________________.
Fill in the blank(s) with the appropriate word(s).