Which One of the Following Statements Is True for the Various

question 68

Multiple Choice

Which one of the following statements is true for the various management attitudes?

• A)An organization characterized by the geocentric attitude incurs high travel and training expenses.
• B)The ethnocentric attitude reflects the belief that because foreign managers are closer to foreign organizational units,they understand them better.
• C)The ethnocentric attitude is generally thought to be the most appropriate for managers in multinational corporations.
• D)The polycentric attitude often causes resentment toward the home country within the foreign society.
• E)Managers with a geocentric attitude stereotype home-country management practices as sound and reasonable and foreign management practices as faulty and unreasonable.

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Definitions:

Accounts Receivable

Outstanding payments that clients are obligated to pay a company for received goods or services.

Various Accounts

Different types of accounts managed within accounting, including assets, liabilities, equity, expenses, and revenue accounts.

Petty Cash Fund

A petty cash fund is a small amount of cash on hand used for paying expenses too small to merit writing a check.

Cash Short

A situation where the actual cash on hand is less than the expected amount, usually identified during cash reconciliation.