Batu belongs to a society that is rigid and skeptical about people whose behaviors or beliefs differ from the norm. His society also values warm, personal relationships over success and performance. According to Hofstede's model of national culture, what is true about his society?
A. It is high on uncertainty avoidance and has a nurturing orientation.
B. It is high on uncertainty avoidance and has an achievement orientation.
C. It is low on uncertainty avoidance and has a performance orientation.
D. It is low on uncertainty avoidance and has a nurturing orientation.
E. It is low on uncertainty avoidance and has an achievement orientation.
Answer: A
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If the likelihood of a future event is probable and the amount of the expense can be estimated, how should the company report the contingency?
What will be an ideal response?
The typical risks of a differentiation strategy do NOT include which of the following?
A. Customers may find the price differential between the low-cost product and the differentiated product too large. B. Customers' experience with other products may narrow customers' perception of the value of a product's differentiated features. C. Counterfeit goods are widely available and acceptable to customers. D. Suppliers of raw materials erode the firm's profit margin with price increases.
If an entrepreneur recognizes the warning signs of bankruptcy early, he or she may be able to prevent it from occurring.
Answer the following statement true (T) or false (F)
Gerald wants to find out the net income of his business for the last quarter. He deducts the cost of goods sold from the revenue earned during that period and then deducts the operating expenses from the gross profit. If Gerald decides to subtract the salary of his employees from the operating expenses before deducting the operating expenses from the gross profit, which of the following expenses would he be deducting?
A. Testamentary expenses B. Administrative expenses C. Selling expenses D. Accrued expenses