It Can Be Helpful for Managers Working Overseas to Have

question 50

Multiple Choice

It can be helpful for managers working overseas to have a basic understanding of the religion observed by workers in that company.Why?

• A)Then the manager knows when to buy gifts for his or her employees.
• B)A superior should always seem knowledgeable to his or her employees.
• C)Ordinary business days in Canada may not be the same in another country.
• D)Most international companies insist that managers adopt all the customs of the host country.

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Definitions:

Average Tax Rate

The ratio of the total amount of taxes paid to the total income, showing the share of income that goes to taxes.

Income Tax System

The framework by which governments collect a percentage of income from individuals and businesses as tax, which varies according to earnings levels.

Marginal Tax Rate

The rate at which the last dollar of income is taxed, representing the percentage of additional income that is paid in tax.

Tax Liability

The total amount of tax that an individual or a corporation owes to the government.