Chapter 2 Recording Business Transactions √ Quick Check Answers: 1. a 3. b 5. d 7. d 9. c 2. c 4. c 6. a 8. a 10. b Explanations: 3. b. Owner’s equity is $130‚000 ($50‚000 + $60‚000 + $200‚000 – $80‚000 – $100‚000). 7. d. Supplies balance is $1‚200 ($500 + $700). The payment of accounts payable does not affect supplies. 9. c. Ending equity is $70‚000‚ computed as follows: Beginning owner’s equity…….. $ 50‚000 Add: Net income: Revenues……………….. $110‚000
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According to the text‚ Business across cultures by Fons Trompenaars and Peter Woolliams‚ cultures can be observed as being three-layered. The first layer consists of explicit features that can be easily identified: Clothes‚ food‚ language and similar tangible attributes. The second layer is more difficult to observe but is still relatively easy to get familiar with: it consists of values and norms within a culture. In a way‚ values define norms because once a core value is established‚ behaving according
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When looking from one country to another around the world you need to understand that as you change the culture you are surrounded by‚ the business and personal ethics also tend to change as well. Take Australia and Spain for example. Even though these two places have some businesses that travel around the world‚ they still have their own set of guidelines that help to decide what their business ethics will turn out to be. In Spain‚ businesses are all about personal contacts. A businessman in Spain
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Table of contents Marketing across culture: 3 Reasons of this dilemma 3 Proposed solution: 5 Pluralism: 6 Cultural analysis before marketing: 6 Change management strategy: 7 Marketing across culture: Marketing across culture is one of the biggest issues which multinational companies have been confronting nowadays. Since marketing is an important factor for the propagation of a particular product or company‚ marketing plan should also be effective simultaneously. Every organization
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When Cultures Collide: LEADING ACROSS CULTURES Richard D. Lewis Nicholas Brealey International ✦ When Cultures Collide ✦ LEADING A C R O S S C U LT U R E S ✦ When Cultures Collide ✦ LEADING A C R O S S C U LT U R E S A Major New Edition of the Global Guide Richard D. Lewis First published in hardback by Nicholas Brealey Publishing in 1996. This revised edition first published in 2006. 100 City Hall Plaza‚ Suite 501 Boston‚ MA 02108‚ USA Information: 617-523-3801
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Culture and International Business: An Exploratory Review of the Empirical Research in JIBS and MIR from 1992 to 2002 Daniel W. Baack Boeing Institute of International Business Saint Louis University 458 Davis-Shaughnessy Hall 3674 Lindell Boulevard Saint Louis‚ MO 63108 314-977-3810 baackdw@slu.edu Donald Baack Pittsburg State University 1701 South Broadway Pittsburg‚ Kansas 66762 620-235-4583 debaack@pittstate.edu ABSTRACT The study of culture is an important component of international
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distribution and logistics‚ promotion and advertising and production and service strategies are also discussed. This will be followed with financial reports and the planning of cost analysis‚ the projected profit and loss statement expected to derive. The management considerations including personnel‚ business advisers and contingency plans to be undertaken have been determined. Finally‚ recommendation will be presented to 320 Below based on the chances of success rate‚ which will influence its decision making
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Barriers to communication across culture Abstract: With study aboard become popular‚ there are more barrier in intercultural communication was be paid attention. Because intercultural communication barriers cannot be avoided so people should know about it deeply. This article will introduce some aspect of intercultural communication barrier. Like what is intercultural communication barrier‚ how many kinds of it‚ what lead to it and how could we solve it. Introduction: When I just came to
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Q. Describe the different forms of marriage patterns found across cultures. A. Marriage is a legally recognized and socially approved arrangement between two or more individuals that carries certain rights and obligation and usually involves sexual activities. In the United States‚ the only legally sanctioned form of marriage is monogamy which is a marriage between two partners usually a man and a woman. Polygamy is the concurrent marriage of a person of one sex with two or more members of the
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Question 1: Evaluate the selection of negotiators from Canada Timber. Were any mistakes made in the selection? Answer 1: The success of international business relationships depends on effective business negotiations. Negotiators need to be well prepared. Understanding how to achieve international business negotiation outcomes and the factors relevant to the process will allow negotiators to be more successful. Negotiation is an inherent part of being in business. Negotiating is an acquired skill
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