Dutch researcher, Fons Trompenaars, recommends that when people from specific cultures do business in diffuse cultures, they should ________.
A. not acknowledge achievements or skills that are irrelevant to the issues being discussed
B. not get impatient when people are being indirect or circuitous
C. try to get to the point and be efficient
D. learn to structure meetings with the judicious use of agendas
Answer: B
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The purchase of office equipment on credit has what effect on the accounting equation?
a. Assets increase and liabilities increase b. Liabilities increase and stockholders' equity decreases. c. Assets decrease and stockholders' equity decreases d. Assets decrease and liabilities decrease.
Which of the following items is not a cash equivalent?
a. Commercial paper b. A three-year Treasury note purchased two months before its maturity c. Money market funds d. A corporate bond investment which has 5 years until maturity when they are purchased
Which of the following is a preventive control?
a. credit check before approving a sale on account b. bank reconciliation c. physical inventory count d. comparing the accounts receivable subsidiary ledger to the control account
Which of the following statements best represents a contractual association between a manufacturer, wholesaler, or service organization and independent businesspeople who buy the right to own and operate one or more units in the system represented by
the contract? A) corporate chain B) franchise C) voluntary chain D) retailer cooperative E) warehouse club