The Manager of a Company Situated in the Country of Aria

question 26

Multiple Choice

The manager of a company situated in the country of Aria lost a business deal with a company situated in the country of Iota. The Arian manager complained to the Iotan higher-level executives when he couldn't obtain information from his counterparts in Iota. The higher-level Iotan executives were offended by his behavior. The Arian manager was surprised since hierarchy was never a matter of concern in his country. In the context of the given scenario, which of the following statements is true?

• A) Behavior is perceived differently from culture to culture.
• B) The manager from Aria had an ethnocentric point of view.
• C) The company in Iota should adopt the ways of the company in Aria.
• D) The company in Iota reinforces the glass ceiling.

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Definitions:

Financial Statement

Reports that detail a company's financial activities over a specific period, crucial for investors, management, and regulators.

Permanent/Temporary

Refers to accounting records: permanent accounts track financial activities that span over multiple fiscal years; temporary accounts measure activity within a single fiscal year.

Normal Balance

The side of an account (either debit or credit) expected to have a higher balance based on standard accounting practices.

Financial Statement

A structured report on the fiscal operations and condition of an organization, individual, or any other body.