Cedric, a Brand Manager, Transferred from the United States to Japan

question 33

Multiple Choice

Cedric, a brand manager, transferred from the United States to Japan. He discovered that although people in the United States highly value individualism, people in Japan expect individuals to conform to group expectations. Cedric concluded that Japan places more of an emphasis on

• A)cultural relativism.
• B)self-control.
• C)collectivism.
• D)political differences.

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Definitions:

Return On Investment Ratio

A financial metric used to evaluate the efficiency of an investment, calculated by dividing the net profit by the original capital cost of the investment.

Judgmental Factors

Elements that require personal assessment and decision-making in the valuation of assets, determination of liabilities, or other financial reporting activities.

Static Budget

A budget that remains unchanged over the period it covers, regardless of changes in sales volume, production levels, or other external factors, often used for fixed expenses.

Control Costs

The practice of managing and regulating expenses to ensure they do not exceed budgets.