Which of the Following Is True of the Effect of Differences

question 90

Multiple Choice

Which of the following is true of the effect of differences in culture in business negotiations?

• A) The basic elements of business negotiations differ from country to country.
• B) The risk of misunderstanding increases when negotiating with someone from a different culture.
• C) The possibility of misinterpretation is decreased when one uses one's self-reference criterion.
• D) A standard rule in negotiating is to know your counterpart first.
• E) The negotiator's cultural background need not have a bearing on the business talks.

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Definitions:

Noncash Expense

Expenses that do not involve actual cash flow, such as depreciation or amortization.

Statement of Comprehensive Income

A financial statement that displays all changes in equity of a company that arise from non-owner sources during a specific period, including all revenues and expenses.

Terminal Loss

The difference between UCC and the adjusted cost of disposal when the UCC is greater.

CCA Rate

Capital Cost Allowance rate, which is the rate at which businesses in certain jurisdictions can claim depreciation on assets for tax purposes.