Specific issues related to cultural differences can arise in the management of a multinational enterprise. All of the following are related to cultural differences EXCEPT:
A) a requirement to have local management.
B) issues with promotion of women into management positions.
C) issues with observation of religious holidays.
D) nationalization of the assets of a company by the foreign government.
Answer: D
Explanation: D) Choice D is a political risk, not a cultural risk.
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The Slazenger Company has provided the following information: Shareholders' equity on January 1, 2018 was $2,225,900.
Shareholders' equity on December 31, 2018 was $2,379,300. Treasury stock costing $71,000 was sold for $62,000; the treasury stock was acquired during 2017. A property dividend was declared and distributed during 2018. The property's book value was $42,325 on the declaration date; the property's fair value was $54,485 on the declaration date and $57,500 on the distribution date. 10,000 shares of $20 par value preferred stock were purchased and retired during 2018. The shares were initially issued for $25 per share and were purchased for $29 per share. 5,000 shares of $5 par value common stock were issued as the result of a small stock dividend. The market value per share was $9 at the declaration date and $9.50 at the distribution date. Cash dividends declared and paid during the year totaled $70,000. Required: What was Slazenger's 2018 net income assuming that the only other transactions impacting shareholders' equity are described above? What will be an ideal response?
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A) Emotion B) Ethos C) Anticipating resistance D) Logical arguments E) Benefits
Cash paid to purchase patent from a competitor is a(n) ________ activity
a. operating b. financing c. investing d. significant non–cash investing or financing