Companies That Proactively Build a Global Organizational Culture Will ________

question 41

Multiple Choice

Companies that proactively build a global organizational culture will ________.

• A) promote independent headquarters and subsidiaries to avoid miscommunication
• B) subscribe to ethical standards developed in the home market to avert misunderstanding
• C) maintain a global perspective in all major initiatives
• D) adopt multiple corporate languages for business communications

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Definitions:

Net Income

The total revenue of a business minus total expenses, representing the profit made during a specific period.

Uncollectible Receivables

Accounts receivable that are considered to be uncollectable and are treated as a loss because payment is no longer expected.

Percent of Sales Method

A financial forecasting model that estimates changes in balance sheet and income statement accounts as a direct percentage of sales.

Uncollectibles

Debts owed to a company that are considered to be unlikely to be paid and written off as a loss.