Which of the Following BEST Describes a Result of Cultural

question 8

Multiple Choice

Which of the following BEST describes a result of cultural collision in international business?

• A)A company implements practices that are less effective than intended.
• B)Local employees are overlooked for promotions by home country managers.
• C)Expatriate managers rely too heavily on local employees for negotiating business deals.
• D)Foreign and domestic companies make adjustments for the local culture and legal environment.

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Definitions:

360-Day Year

A financial calculation convention using a simplified year of 360 days to facilitate easier interest calculations.

Exact Interest

A method of calculating interest based on a 365-day year or actual number of days in a loan or investment period, providing a precise interest calculation.

365-Day Year

A conventional method of calculating interest based on a 365-day year, often used in financial calculations.

Estimate Interest

An approximation of the interest amount over a certain period based on a given rate.