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Vadim26 [7]
2 years ago
14

Which of the following statements regarding culture and government is true? Multiple Choice In the United States, there is a clo

se working relationship between businesses and government. Worker welfare is more important than corporate profit in most U.S. companies. In Europe, bribery and similar approaches for making sales are acceptable. Plant closure laws, layoff regulations, and worker benefits tend to be much higher in the United States than in European countries. Variations in values and behaviors across cultures affect organizations as well as individuals.
Business
1 answer:
3241004551 [841]2 years ago
7 0

Answer:

Variations in values and behaviors across cultures affect organizations as well as individuals.

Explanation:

Culture can be defined as the general way of life of a group of people living together in a particular location or society.

Basically, culture comprises of beliefs, values, behaviors, language, dressing, cuisine, music, symbols, arts, social habits, knowledge, customs, laws pertaining to a particular group of people living together in a society.

This ultimately implies that, culture are acquired and passed from one generation to another.

A cultural trait can be defined as the smallest characteristics of human activity (actions) that is mainly acquired socially and transmitted from one generation to another through various modes of communication. Thus, these unique behavioral informations or characteristics and beliefs acquired by people socially are transmitted from one individual or group of people to another.

Basically, cultural traits play a significant role in the way of life of a group of people in that it is a unique collection of various cultural elements that are closely related such as behaviors and beliefs.

As there are differences in the way and manner in which individuals behave due to their varying cultural background and landscape, this goes a long way to affect organizations.

Hence, the true statement regarding culture and government is that, variations in values and behaviors across cultures affect organizations as well as individuals.

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A company with $70,000 in current assets and $50,000 in current liabilities pays a $1,000 current liability. As a result of this
Rufina [12.5K]

Answer:

Option (b) is correct.

Explanation:

Given that,

Current assets = $70,000

Current liabilities = $50,000

Pays a current liability = $1,000

Current ratio(Prior) :

= Current assets ÷ Current liabilities

= $70,000 ÷ $50,000

= 1.40

Current ratio(After paying liability) :

= (Current assets - $1,000) ÷ (Current liabilities - $1,000)

= ($70,000 - $1,000) ÷ ($50,000 - $1,000)

= $69,000 ÷ $49,000

= 1.41

Therefore, there is an increase in current ratio.

Working capital(Prior):

= Current assets - Current liabilities

= $70,000 - $50,000

= $20,000

Working capital(After paying liability):

= (Current assets - $1,000) - (Current liabilities - $1,000)

= ($70,000 - $1,000) - ($50,000 - $1,000)

= $69,000 - $49,000

= $20,000

Therefore, there is no change in working capital.

3 0
3 years ago
Which of the following best describes a proactive stance to social responsibility?
Doss [256]

Answer:

B.  Company actively seeks opportunities to contribute to the well-being of groups and individuals in its social environment.

Explanation:

When the priority of an organization is to support the profit, people, and planet, the company is said to be a socially responsible organization. The company actively seeks opportunities for social development rather than getting profit for them. The company is contributing towards the economy, people in general, and the environment. The socially responsible company cannot try to maximize its return on investment. Therefore, option B is the correct answer.

4 0
3 years ago
A company owns land that is used as a softball diamond and recreational park for hosting employee picnics. Once a year the compa
olga_2 [115]

Answer:

Commercial General Liability Policy will not provide compensation for injured caused by softball to the Director

Explanation:

Commercial General Liability (CGL) is an insurance policy that provide protection and assurance to a business organisation against any legal liability arising from the use of its property, while in the premises of the insured, from use of product.

The Commercial General Liability  provides the coverage below:

-Liability arising from Bodily injury and property damage

-Liability arising from Personal and advertising injury and Medical payments

In this director scenario, the CGL have in its provision and condition to provide compensation for the injury caused as a result of their actions (e.g. building collapse, left broken bottles, bad product which directly affected third party) but the director was injured by his own accompanied property and have no relation whatsoever with the Land company. Hence no indemnity or compensation will be provided under the Commercial General Liability Policy.

6 0
3 years ago
Natural Corporation often fails to file the annual reports required by law. They also have failed to conduct annual shareholders
Bas_tet [7]

Answer: The shareholders could lose their investments.

Explanation:

The above scenario given in the question will lead to shareholders losing their investments. This is because the shareholders are not carried along with regards to happening in the company.

Also, the company is not filing the annual reports required by law and they also have failed to conduct annual shareholders meeting and their bylaws have been out of date and not followed for about four years. Also, their stock prices can be discounted due to improper practices.

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