All Global New Ventures Share Two Common Factors

question 55

Multiple Choice

All global new ventures share two common factors. One is that the company founders successfully develop and communicate the company's global vision from the start. The other is__________ .

• A) the bringing of a good or service to several different foreign markets at the same time
• B) the use of local adaptation strategy
• C) a mechanistic organizational culture
• D) the ability to respond quickly and efficiently to any changes in the external environment
• E) the development of culturally-specific implementation policies

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Definitions:

Cash Receipts Journal

A specialized accounting journal used to record all receipts of cash.

Equality

In financial terms, refers to the state where two values, amounts, or figures are of the same value or balance each other out.

One-Column Purchases Journal

A simplified accounting ledger that records only the purchases of goods and services in a single column, typically for small businesses or specific types of transactions.

General Ledger

The primary accounting record of a company that contains all the account balances needed to prepare financial statements.