According to Contingency Management, International Managers Need to ________

question 55

Multiple Choice

According to contingency management, international managers need to ________.

• A)transfer home-country business practices to the local environment
• B)adapt their management styles to the local setting and people
• C)determine the extent to which locals will accept unequal power
• D)provide training to locals before transferring new technology

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Definitions:

Temporary Investments

Investments not intended to be held for a long term, such as stocks or bonds, purchased with the intention of selling in the near future.

Accounts Receivable

Money that is owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Quick Ratio

A liquidity measure that indicates a company’s ability to pay its current liabilities without relying on the sale of inventory, calculated as (current assets - inventories) / current liabilities.

Liability Likelihood

Refers to the probability that a company will be responsible for payment due to a debt, claim, or lawsuit.