Which of the Following Is True Regarding Doing Business in Germany

question 18

Multiple Choice

Which of the following is true regarding doing business in Germany?

• A)Germany has been described as a"high context"culture.
• B)Dinner is the most common meal for business meetings.
• C)Flashy brochures have more impact than statistic-filled ones.
• D)There is a strong emphasis on punctuality in Germany.
• E)Non-verbal communication is more important than the words used to communicate.

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Definitions:

Accounts Receivable Period

The average number of days it takes for a company to collect payments owed by its customers.

Cash Expenses

Expenses that require an immediate outlay of cash during a given time period.

Beginning Cash Balance

The amount of cash a company has at the start of a new financial period, carried over from the end of the previous period.

Cost of Goods Sold

The expenses incurred that are directly related to the manufacturing of products a company sells, including labor and materials.