One of the Concerns of Multinational Corporations Is Whether Accepted

question 20

Multiple Choice

One of the concerns of multinational corporations is whether accepted US and Western European management practices and theories are appropriate for use as models abroad. Hofstede's research in this area indicates that these theories:

• A) are still ethnocentric.
• B) work best within multinational corporations.
• C) work best within English-speaking countries.
• D) are universally applicable since they are good theories.
• E) are only valid within the country they were created in.

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Definitions:

Cash

Money in the form of coins and banknotes, which is used to carry out transactions.

Inventory

The quantity of goods and materials on hand in a business, crucial for meeting customer demand and efficient operation.

Building

A structure with a roof and walls, such as a house or factory, designed for residential, commercial, or industrial purposes.

Accounting Cycle

Set of activities involved in converting information and individual transactions into financial statements.