According to the classification system for global organizational culture as developed by Hofstede, which of the following dimensions indicates the extent to which less powerful parties accept the existing distribution of power and the degree to which
adherence to formal channels is maintained?
A) power distance
B) uncertainty avoidance
C) ambiguity tolerance
D) long-term orientation
A
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On November 19, Nicholson Company receives a $22,800, 60-day, 5% note from a customer as payment on account. What adjusting entry should be made on the December 31 year-end? (Use 360 days a year.)
A. Debit Notes Receivable $133; credit Interest Receivable $133. B. Debit Interest Receivable $190; credit Interest Revenue $190. C. Debit Interest Revenue $190; credit Interest Receivable $190. D. Debit Notes Receivable $57; credit Interest Revenue $57. E. Debit Interest Receivable $133; credit Interest Revenue $133.
A policy of hiring and promoting based on the parent company's home-country frame of reference is
A. a geocentric policy. B. a regiocentric policy. C. a polycentric policy. D. an ethnocentric policy.
You have just accepted your first job out of college, which requires you to evaluate loan requests at Beach Front National Bank. The person training you at the bank, Jim Baker, uses a loan request received from Surfer Dude Supplies, a small
proprietorship. Marty Monroe, the owner, is requesting $75,000. Jim tells Marty that all they consider before making a decision on the loan request is an accurate set of financial statements. Do you think this an accurate statement on the loan request process? What other considerations or information likely are part of the decision-making process by the bank?
To be negotiable, a bill or note must contain a promise by the drawer to make payment
Indicate whether the statement is true or false