In the Context of the Problems Faced When Entering Foreign

question 27

Multiple Choice

In the context of the problems faced when entering foreign markets,which of the following refers to political uncertainty?

• A)Differences in communication,spatial boundaries,perception of time,and behavior
• B)Unstable governments,social unrest,and armed conflict
• C)Differences in language,customs,norms,and customer preferences
• D)Economic conditions and policies of a country that could harm a firm's operations within that country

---

Definitions:

Net Realizable Value

The estimated selling price of goods minus the cost of their sale or disposal.

Direct Write-off Method

A method of accounting for bad debts that charges the amount directly to expense when it is determined to be uncollectible.

Allowance Account

An accounting reserve set up to account for future adjustments such as bad debts or product returns.

Direct Write-off Method

An accounting method where uncollectible accounts receivable are directly written off against income at the time they are deemed non-collectable.