When Discussing a Deal During an Informal Gathering with Business

question 152

Multiple Choice

When discussing a deal during an informal gathering with business associates from the Middle East, an American is likely to be uncomfortable with

• A) rigid time schedules.
• B) too much food.
• C) people standing too close.
• D) excessive informality.
• E) no eye contact.

---

Definitions:

Credit Balance

The amount that a company or individual owes to creditors; in accounting, it indicates a balance on the right side of a ledger for liability, revenue, or equity accounts.

Closing Entries

Journal entries made at the end of an accounting period to transfer balances from temporary to permanent accounts.