What Major Global Trend Has Overtaken Business Organizations Over the Past

question 24

Multiple Choice

What major global trend has overtaken business organizations over the past 40 years?

• A) Corporate and management environments have become more laissez-faire.
• B) U.S.and Japanese corporate management styles have diverged.
• C) Corporate and management environments have become more authoritarian.
• D) U.S.and Japanese corporate management styles have converged.

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Definitions:

Financial Planning

The process of estimating the capital required and determining its competition, Formulating financial policies concerning procurement, investment, and administration of funds of an enterprise.

Data Processing Functions

The series of operations on data, especially by a computer, to retrieve, transform, or classify information.

Cost Accounting

is a process of recording, classifying, analyzing, and allocating all costs associated with the production process to evaluate financial performance.

Capital Budgeting

The process by which a business evaluates and selects long-term investments that are worth more than their cost to achieve strategic goals.