In Global Business,the Institution-Based View Deals with Internal Strengths and Weaknesses

question 78

True/False

In global business,the institution-based view deals with internal strengths and weaknesses.

Recognize the importance and computation of the cost of goods available for sale.

Identify different incentives for prompt payment by customers.

Calculate the effects of sales discounts on cash receipts.

Understand the normal credit balance of various accounts.

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Definitions:

Legal Right

Entitlements or permissions under the law that can be enforced or recognized by legal institutions.

Bad Faith

Dishonest dealing, failing to meet obligations, or violating standards of honesty in transactions.

Breach Of An Insurance Contract

The failure by either the insurer or the insured to fulfill their contractual obligations under the terms of an insurance policy.

Punitive Damages

Financial compensation awarded to a plaintiff beyond actual damages to punish the defendant for egregious behavior.