Consider a culture in which an individual’s status is very important. Cultural communication relies more on nonverbal communication than verbal. This hypothetical culture is likely a ______ culture
a. low-context
b. collectivist
c. high-context
d. individualistic
c. high-context
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Mike is a bartender. Every day he pockets $20 or so by not ringing up some sales when paid in cash. Mike, because he is stealing from his employer while on the job, is guilty of embezzlement.
Answer the following statement true (T) or false (F)
Which of the following is the most important variable considered for identifying opportunities in the global economy to sell low-priced products?
A) middle-class income B) location of population C) demand in products D) cost of products
A new partner must have the consent of all the partners before being admitted into the partnership
Indicate whether the statement is true or false
United Insurance Company specializes in term life insurance contracts. Cash collection experience shows that 30 percent of billed premiums are collected in the month before they are due, 60 percent are collected in the month they are due, and 6 percent are collected in the month following their due date. Four percent of the billed premiums are collected late (in the second month following their
due date). Total billing notices in January were $50,000; in February, $60,000; in March, $66,000; in April, $65,000; in May, $60,000; and in June, $70,000 . How much cash does the company expect to collect in May? a. $63,540 b. $66,750 c. $60,000 d. $56,000