Local Adaptation Is Typically Preferred by Managers Who Are Charged

question 105

True/False

Local adaptation is typically preferred by managers who are charged with making the international business successful in their countries, whereas managers at the headquarters of multinational companies value global consistency because it simplifies decisions.

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Definitions:

Transaction

An agreement or communication carried out between two or more parties that results in the exchange of value, such as the purchase or sale of goods or services.

Posting Reference Columns

Columns in a journal entry that help in transferring information to, and tracking from, the corresponding ledger accounts for audit trail purposes.

Ledger

A comprehensive collection of a company’s final financial accounts, including assets, liabilities, equity, revenue, and expenses.

Journal

A detailed record where all financial transactions of a business are initially recorded, listed in chronological order.