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While Working in a Country with a High-Context Culture,you Schedule

question 46

Essay

While working in a country with a high-context culture,you schedule a meeting with a vendor who lives there.When he shows up 20 minutes after the meeting was supposed to begin,should you take it as a sign of incompetence or disrespect? Explain.


Definitions:

Compound Interest

The interest calculated on the initial principal, which also includes all of the accumulated interest of previous periods of a deposit or loan.

Average Rate of Return

The ratio of the average annual profit earned through an investment to the original investment, expressed as a percentage.

Total Income

The sum of all earnings or revenues a person or company generates before any deductions.

Cash Payback Period

The time it takes for an investment to generate an amount of cash flow equal to the initial investment cost.

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