Which of the Following Is Not a Factor in Contributing

question 29

Multiple Choice

Which of the following is not a factor in contributing to the emergence and sustainability of a strong culture?

• A) Continuity of leadership, small group size, stable group membership, geographic concentration, and considerable organizational success
• B) A founder or strong leader who establishes values, principles, and practices that are consistent and sensible in light of customer needs, competitive conditions, and strategic requirements
• C) A sincere, long-standing company commitment to operating the business according to established traditions, thereby creating an internal environment that supports decision making and strategies based on cultural norms
• D) Centralized decision-making, strict enforcement of company policies, and a strong commitment to being the market share leader
• E) A genuine concern for the well-being of the organization's three biggest constituencies-customers, employees, and shareholders

Interpret the purpose and process of both remeasurement and translation in financial statements.

Prepare and translate financial statements (income statements, balance sheets, and statements of retained earnings) from the functional currency to the reporting currency.

Understand and apply the principles of accounting for exchange rate fluctuations, including gain or loss recognition.

Evaluate the conditions under which the U.S. dollar would be considered the functional currency for a subsidiary located outside the U.S.

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Definitions:

Formal-Operations

The final stage in Piaget's theory of cognitive development, characterized by the ability to think abstractly and reason logically.

Lev Vygotsky

A Russian psychologist known for his work on cognitive development, specifically the social interaction theory which posits that community plays a central role in the process of making meaning.

Zone Of Proximal Development

The difference between what a learner can do without help and what they can achieve with guidance and encouragement from a skilled partner.

Erik Erikson

A developmental psychologist and psychoanalyst known for his theory on the psychological development of human beings.