Fiona and Ana Are Planning Their First Business Trip to Singapore

question 62

Multiple Choice

Fiona and Ana are planning their first business trip to Singapore. Fiona has decided to learn the specific customs as well as the history and tips on behaviour through forums and asking colleagues who have been there on holiday. Ana has asked her Singaporean colleagues if she can virtually attend some meetings to be able to observe how they interact (verbally and non-verbally) with one another before she goes to work out there. Which person has adopted a cultural-specific approach?

• A) Ana.
• B) Ana and Fiona.
• C) Fiona.
• D) Neither Ana nor Fiona.

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Definitions:

Ending Inventory

The total value of all inventory a company has available for sale at the end of an accounting period.

Average Cost

A method of inventory costing that determines the cost of goods sold and ending inventory based on the weighted average cost of all purchases.

Gross Profit Method

A technique used to estimate the amount of ending inventory using the gross profit margin.

Net Realizable Value

The expected selling price in the ordinary course of business minus the estimated costs of completion and the costs necessary to make the sale.