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Scenario D. Alfredo is a manager from the U. S. who believes that every person is responsible for him/herself. Bernie is the employee who questions everything - not just the decision made but whether or not the decision-maker should have made the decision. In the U.S., where Ed works, he and his teammates value the amount of money they each make as a sign of success. Sarah took a leave of absence from her job to become a stay-at-home mom for a few years. Once her child is in school, she plans to return to work, even if it is in a job that is not at the level she was before becoming a mother.
-Bernie can be best described as viewing cultural differences along Hofstede's dimension of
GAAP
Generally Accepted Accounting Principles; a collection of standardized guidelines and practices for financial accounting used in a particular jurisdiction.
Historical Cost
The original monetary value of an asset or investment at the time of its acquisition.
Market Value
The current price at which an asset or service can be bought or sold in a vibrant market.
Financial Position
A snapshot of the resources, liabilities, and equity of an entity at a specific point in time, illustrating its economic standing.
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