What Is the Most Important Advantage of Using a Geocentric

question 61

Multiple Choice

What is the most important advantage of using a geocentric staffing policy?

• A)It enables the firm to build a cadre of international executives who feel at home working in a number of cultures.
• B)It may be less expensive to implement than other policies,reducing the costs of value creation.
• C)The higher pay managers on an international fast track enjoy is a source of inspiration within a firm.
• D)It involves no costs of training and relocation when transferring managers from country to country.

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Definitions:

Uncollectible Accounts Receivable

Accounts receivable that are considered to be uncollectible due to the inability of the customers to pay.

Journal Entries

Recorded transactions in the accounting system, documenting financial changes in accounts.

Percent of Sales

Percent of sales is a financial analysis tool that helps in estimating how certain accounts, like revenue and expenses, will vary in proportion to changes in sales.

Bad Debts

Debts that are not recoverable and are written off as a loss by the business because they cannot be collected.