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scZoUnD [109]
3 years ago
8

As organizations expand into global markets, business communicators need to become aware of their own culture and how it differs

from other cultures. Cultural awareness allows professionals to communicate successfully with other cultures and to navigate the intercultural challenges of a globalized business world. The first step in overcoming intercultural obstacles is understanding the trends that drive globalization.
Identify the trend illustrated by the following example.
A U.S. retailer of high-tech products looks to open stores in Russia where there has been a surge in demand for smartphones and tablet computers.
Favorable trade agreements
Robust middle-class growth
Transportation advancements
Identify the trend illustrated by the following example.
A high-end clothing company has branch managers in Rome, Paris, and Chicago. They meet quarterly via teleconference.
Declining domestic markets
Technological advancements
Robust middle-class growth
When companies expand into global markets, they must be aware of the different cultural environments they are entering. A successful business model in one country may not be successful in another. U.S. companies, such as Wal-Mart, Best Buy, and Home Depot, for example, have struggled in certain overseas markets due to their inability to meet the needs and expectations of the local culture.
Read the hypothetical description of an overseas country, and then answer the following question.
People in this country tend to place a high value on protecting the environment. While they enjoy certain products imported from other countries, when it comes to food and drink, they prefer domestic brands. They consider it inappropriate to smile at strangers, and they value the freedom to engage in whatever relationships they want with coworkers outside of work.
A U.S. store opens in this country and exhibits the following characteristics. Which of these characteristics will be problematic for the success of the store? Check all that apply.
a) A beer and wine selection primarily made up of U.S. brands
b) A policy forbidding employees from dating each other
c) A wide selection of environmentally safe cleaning products
d) A friendliness policy encouraging employees to smile at customers
e) Plastic bags
Business
1 answer:
Natalka [10]3 years ago
7 0

Answer:

1. Robust middle class growth

2. Technological advancements

3. a) A beer and wine selection primarily made up of U.S. brands

b) A policy forbidding employees from dating each other

d) A friendliness policy encouraging employees to smile at customers

e) Plastic bags

Explanation:

Middle class growth in different countries in recent times have increased the sake of smartphone and tablets globally

Technological advancements in the second question would be the only cause of better technologies such as the use of video teleconferencing in the example

The people in this country would not like the listed options as shown here

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Which of the following should not be considered as an opportunity cost of attending college?
Gwar [14]

Answer:

Option (A) is correct.

Explanation:

Opportunity cost refers to the cost that is incurred by selecting some other alternative. It is the benefit that is foregone from the next best alternative.

Therefore, the opportunity of attending college is as follows:

(a) Salary amount that could have been earned from the job.

(b) Interest income from depositing money into savings account

(c) The satisfaction obtained from the business lunches.

(d) Opportunities that were sacrificed for attending college.

5 0
4 years ago
Mauve has been working as the creative head at Juno Designs for the past 10 years. Her growth at Juno has made her one of the fi
OLga [1]

Answer:

A) continuance

Explanation:

Continuance commitment refers to an employee's desire to continue in a company because he/she believes that staying in the company will result in larger monetary benefits. The employee is aware of the costs associated with leaving the company and the potential benefits of being employed somewhere else, but he/she is also aware of the monetary benefits of staying in the company.

Obviously if Mauve decides to stay is because she believes that the benefits of staying offset the potential benefits of leaving including the costs of leaving the company. Sometimes employees stay in a company because they need to do so in order to maximize their benefits.

8 0
3 years ago
Central Bank has the following balance sheet (in millions of dollars). Assets Liquidity Level Liabilities and Equity Run-off fac
melisa1 [442]

Answer:

Central Bank

Computation of the LCR for Central Bank:

The LCR = 23%

Explanation:

Data and Calculations:

Central Bank balance sheet (in millions of dollars)

Assets                                                       Liabilities and Equity

                                                                Level 1

Cash                                                $15  Stable retail deposits             $ 190

Deposits at the Fed                         30  Less stable retail deposits         70

Treasury bonds                              145  CDs maturing in 6 months       100

                                                                Level 2A:

Qualifying marketable securities   50  Unsecured wholesale funding from:

GNMA bonds                                  60     Stable small biz deposits       125

Loans to AA-rated corporations 540      Less-stable biz deposits        100

Mortgages                                   285      Non-financial corporates       450

Premises                                       40    Equity                                         130

Total                                        $1,165    Total                                      $1,165

Cash inflows over the next 30 days from the bank's performing assets are $7.5 million. Calculate the LCR for Central Bank.

High Quality Liquid Assets:

Cash                                             $15

Deposits at the Fed                      30

Treasury bonds                            145

Qualifying marketable securities 50

Total HQLA                               $240

Outflows:

Stable retail deposits             $ 190

Less stable retail deposits         70

CDs maturing in 6 months      100

Stable small biz deposits         125

Less-stable biz deposits         100

Non-financial corporates       450

Total outflows                    $1,035

Cash inflows                            ($7.5)

Total cash flows                $1,027.5

LCR = High Quality Liquid Assets/Total Cash flows

= $240/$1,027.5 = 0.23

b) The LCR is calculated by dividing the central bank's high-quality liquid assets by its total net cash flows over a 30-day stress period.  The central bank's high-quality liquid assets include only those with a high potential to be converted easily and quickly into cash and can be categorized into three of level 1, level 2A, and level 2B.

4 0
3 years ago
Accompanying a bank statement for Borden Company is a credit memo for $21,200 representing the principal ($20,000) and interest
Olenka [21]

Answer:

<em>Bank reconciliation is a statement carried out by a company to know the difference between cash balance per book and cash balance per bank.</em>

<em>A journal is needed by a company to keep day to day updates of records.</em>

Explanation:

<em>Banks prepares statement of account. the Borden company has updates its own records from their end. most times times the balance of cash per bank and per book rarely work well or agree.</em>

<em>Bank reconciliation is a statement that is prepared by a company to know the disagreement and dissimilarity of cash balance per book and cash balance per bank</em>

<em>A record journal entry must be made by the company to  have a good update of their records.</em>

<em>An example of a journal is shown below</em>

<em>Date, Account and explanation, post reference, Debit($), Credit ($)</em>

5 0
4 years ago
Read 2 more answers
A company normally sells its product for $20 per unit. However, the selling price has fallen to $15 per unit. This company's cur
Paha777 [63]

Answer:$2

Explanation:

A company normally is expected to value it's inventory at the lower of cost or net realisable value. The cost price is the price on purchase of the inventory while the net realisable value is selling price less cost of sales and cost to completion.

The amount of the lower cost of market adjustment the company must make, is the difference between the new selling price of $15 and net realisable value of $13 which is $2.

6 0
3 years ago
Read 2 more answers
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