Increased Standardization May Be the Result Which of the Following

question 9

Multiple Choice

Increased standardization may be the result which of the following?

• A) Cultural divergence
• B) Cultural similarity
• C) Cultural convergence
• D) Cultural cross-convergence
• E) Cultural transference

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Definitions:

Cash Ratio

A liquidity ratio that measures a company's ability to pay off its short-term liabilities with its cash and cash equivalents.

Average Collection Period

The average number of days it takes for a business to receive payment from its customers for invoices issued.

Total Asset Turnover

A financial ratio that measures the efficiency of a company's use of its assets in generating sales revenue; calculated by dividing sales by total assets.

Fixed-Asset Turnover

A financial ratio that measures a company's efficiency in using its fixed assets to generate sales, indicating how well assets are being managed.