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How Might the Use of Lifetime Employment Practices in Japanese

question 41

Essay

How might the use of lifetime employment practices in Japanese firms serve as a response to the culture of uncertainty avoidance in Japan? What effect do you think these practices will have on Japan's future?


Definitions:

Collection Float

The time period between when a check is deposited and when it is cleared and the funds are available.

Outstanding Cheques

Checks that have been written and recorded in the issuer's financial statements but have not yet been cashed or cleared by the bank.

Outstanding Deposits

Funds that have been deposited but not yet credited to the depositor's account, often due to processing time.

Trading Costs

Expenses incurred in the process of buying or selling securities, including commissions, spreads, and slippage.

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