A Manager Who Has Cultural Literacy Can Most Likely ________

question 87

Multiple Choice

A manager who has cultural literacy can most likely ________.

• A) speak and read in more than one language
• B) recognize the similarities and differences of cultures
• C) develop accurate cultural assessments of foreign colleagues
• D) function as an expatriate manager in multiple foreign locations

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Definitions:

Income Summary

A temporary account used to transfer the revenues and expenses for an accounting period to the Retained Earnings account.

Retained Earnings

The total earnings of a company so far, minus any dividends or distributions given out to shareholders.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent ones, preparing the books for the next period.

Retained Earnings

The portion of net income left over after dividends are paid out to shareholders, reinvested into the company's operations.