In cultures where context sensitivity is high, businesspeople
A) attach importance to the trappings of ceremony.
B) prefer predictable and certain consequences.
C) assume a long-term context in discussions.
D) stress the surrounding circumstances in communication.
E) perceive cultural differences in the context of time.
D
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Which of the following statements is true regarding the two allowance methods used to account for bad debts?
a. The percentage of net credit sales approach takes into account the existing balance in the Allowance for Doubtful Accounts account. b. The direct write-off method takes into account the existing balance in the Allowance for Doubtful Accounts account. c. The percentage of accounts receivable approach takes into account the existing balance in the Allowance for Doubtful Accounts account. d. The direct write-off method does a better job of matching revenues and expenses.
A compound journal entry involves at least two debit accounts and two credit accounts
Indicate whether the statement is true or false
In banking terminology, a creditor-debtor relationship is created when a customer ________
A) fails to maintain adequate funds in his bank checking account B) makes a deposit into a bank C) writes a check against his account D) writes a postdated check drawn on his bank
A change in strategy nearly always entails budget reallocations because
A. adopting best practices and pushing for continuous improvement tends to reduce costs and reduce overall resource requirements. B. revamping the performance of value chain activities can be costly. C. empowering employees to carry out the new strategy elements typically requires substantial new funding and budget revisions. D. the accompanying policy revisions and compensation incentives tend to require different levels of funding than before. E. organizational units important in the prior strategy but having a lesser role in the new strategy may need downsizing, while units and activities that now have a bigger and more critical strategic role may need more people, new equipment, additional facilities, and above-average increases in their operating budgets.