For a Purchase from a Foreign Supplier,the Purchases Journal -

question 13

Multiple Choice

For a purchase from a foreign supplier,the purchases journal -

• A)shows the amounts only in the home currency
• B)always requires you to type in the exchange rate
• C)always requires you to choose a currency for the transaction
• D)none of the above

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Definitions:

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale.

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society or organization.

Power Distance

A cultural dimension that reflects the extent to which less powerful members of organizations and institutions accept and expect power to be distributed unequally.

Equality

The state or quality of being equal, especially in status, rights, and opportunities.