Using Hofstede's Terms, How Would You Describe a Cultural Personality

question 65

Multiple Choice

Using Hofstede's terms, how would you describe a cultural personality in which the majority of the members of the culture accept that power is in the hands of the few?

• A) individualistic
• B) high in power distance
• C) masculine
• D) low in power distance

Compute interest on notes receivable using the time factor correctly.

Master the correct counting of days for determining the maturity date of a note.

Evaluate the financial impact of using national credit cards on retail businesses.

Define and differentiate between sales, non-trade, and trade receivables.

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Definitions:

Negotiability

The quality of a financial instrument that allows it to be transferred or assigned from one party to another in exchange for value.

Sum Certain In Money

A specified, fixed, or exact amount of money that is owed or due to be paid under a contract or agreement.

Enforceable Contract

a valid agreement between parties that can be legally upheld and compelled in a court of law.

Payment

The transfer of money or goods from one party to another as a fulfillment of a transaction or obligation.