Business communicators in low-context cultures, such as the United States and Germany, assume that messages must be explicit; communicators rely exclusively on the written or spoken word. ? ?

Indicate whether the statement is true or false


True

Business

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The International Accounting Standards Board is the primary and most important determinant of generally accepted accounting principles

Indicate whether the statement is true or false

Business

Under the perpetual inventory system, the entry to recognize inventory losses usually contains a

A) debit to Cost of Goods Sold. B) debit to Merchandise Inventory. C) credit to Gross Margin. D) credit to Cash.

Business

William obtains a loan from a bank at 4.5 percent interest. The state where he obtains the loan has a usury statute that limits interest rates to a 3.5 percent maximum. William's contract with the bank is A) enforceable only if William does not attempt to disaffirm it

B) enforceable only if the bank does not attempt to disaffirm it. C) enforceable only if both William and the bank knew of the statute when the contract was signed. D) not enforceable.

Business

A politically motivated ban on all imports and exports with Iraq is an ____________________.

Fill in the blank(s) with the appropriate word(s).

Business