Read the Following Propositions and Judge Whether They Are Correct

question 7

Short Answer

Read the following propositions and judge whether they are correct or false.According to the text:
I More individualist cultures will generally favour competition over cooperation.
II Government involvement will generally increase cooperation between companies.
A.Both propositions are correct
B.Proposition I is false, proposition II is correct
C.Proposition I is correct, proposition II is false
D.Both propositions are false.

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Definitions:

Voucher System

An internal financial control system for managing disbursements and ensuring all transactions are properly documented and approved before payments are made.

Periodic Inventory Method

An accounting method where inventory is physically counted at the end of each period to determine the cost of goods sold and ending inventory.

Petty Cash Fund

Fund (source) that allows payment of small amounts without the writing of checks.

Approved Voucher

A document or record that authorizes a payment and confirms that goods or services have been received and are satisfactory, ready for payment processing.