If the Cultures of the United States and France Result

question 44

Multiple Choice

If the cultures of the United States and France result in different work-related values,an international business with operations in both countries should:

• A)vary its management process and practices to account for these differences.
• B)adopt similar management processes and practices in both countries.
• C)opt to exit one of the markets to avoid a conflict.
• D)ignore cultural differences and focus only on the economic aspects.

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Definitions:

Adjusting Entries

Entries in accounting journals, made at the termination of an accounting cycle, serve to apportion incomes and outlays to their actual occurrence period.

Unearned Revenue

Money received by an entity for a service not yet performed or a product not yet delivered. It is recorded as a liability until the service or product is delivered.

Net Income

The total profit or loss of a company after all revenues, expenses, and taxes have been accounted for.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life.