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Should an employer establish rules,procedures and social norms to help their employees deal with uncertainty? In countries where uncertainty avoidance is high,like Brazil and Switzerland,the answer is yes.People in such societies want strict rules,laws and policies to eliminate or control the unexpected.Hard;Comprehension
Consignment Goods
Products held by a seller, but still owned by the supplier until they are sold to a consumer.
Open Charge Account
A credit account that allows the holder to make purchases and pay for them at a later date without a predefined payment schedule.
Installment Account
A credit account where the borrower repays the principal and interest over a set period through scheduled payments.
Line of Credit
A flexible loan arrangement with a financial institution that allows a borrower to draw funds up to a specified limit, repay, and redraw as needed.
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