Solution 1
Answer:
False.
Explanation:
This statement is false, due to the fact that each developed or underdeveloped country has its particularities and individual characteristics of business conduct, influenced by culture and the way of living.
The identity of a country determines significantly how the organizational culture will be, which is the set of values, beliefs and habits exercised and shared by all members of an organization. So it is false to say that every developed country conducts business in the same way.
It is necessary that in a globalized environment, managers adopt an ethical and global stance, where respect for local culture is prioritized, and there is no overlapping of values, but rather an adaptation to the way of acting and the cultural values of a place, to that opportunities are extracted to the maximum and that there is a respectful and positive organizational climate for all.
📚 Related Questions
Answer:
distinguish one place from another.
Explanation:
Globalization corresponds to a process of economic, political, cultural and social integration between different countries, which was motivated by the advance of new technologies, which boosted communication and transportation between different countries.
Globalization has a significant impact on the world, it affects communication, the movement of goods and resources, international trade and other variables.
Therefore, it is important that in a company that wants to expand in the world market to have an organizational culture focused on a world view of management, prioritizing the internal and external environment that differs according to the country in which the business activities are implemented. It is necessary for managers to have an ethical view of doing global business, where there is respect for different cultures and a positive organizational climate.
It is also important to segment the local market, taking advantage of all the small opportunities that a new market can offer, such as reducing costs and maximizing profits, government incentives and hiring experienced employees in the local market.
Answer:
Pros: People searching for job opportunities: 1. Can feel secure of obtaining a wage that is enough to live with dignity. 2. Standardize the negotiation across all labor markets, making it easy to contract workers at minimum wage. Cons: 1. The allocation of resources by market mechanism won't work for low range salary jobs. This can create inefficiencies like the supply of work (unemployed workers) not hired. 2. Levels of production not matching the demand in certain levels (the minimum price of a product is higher than a scenario where not regulated wages). 3. If the productivity of the job position is below of the cost, the employer won't be able to produce at all.
Explanation:
In order to assess if the pros outweigh the cons we need to have specific market situations. Per example, in countries where the average productivity per worker is higher than the minimum wage in the majority of labor markets, the pros outweigh the cons. In countries where productivity per worker is lower than minimum wage, is expected to see high levels of unemployment and distortion in the price of factors, putting pressure in other economic variables. In this scenario, the pros not outweigh the cons.
Answer:
b. inelastic
c. Yes - it decreased
Explanation:
Elasticitiy of demand measures the responsiveness of quantity demanded to changes in price.
Elasticity of demand = percentage change in quantity demanded/ percentage change in price
= -2/4 = -0.5
The absolute value is 0.5
If the absolute value of the coffiecnet of elasticity of demand is less than one, demand is inelastic.
Demand is inelastic if a change in price has no effect on quantity demanded .
We can tell that the quantity demanded fell because of the negative sign in front of the percentage change in quantity demanded.
I hope my answer helps you
Answer:
Old ROI = 25.5%
New ROI = 28.9%
Explanation:
Current ROI = Net operating Income/Average Operating Assets
= ($ 25,500 /$ 100,000) *100%
= 25.5%
Assume manager of the club reduce expenses by $3,400 and variables remained unchanged.
New Net Operating Income = $25,500 + $3,400
= $28,900
Hence, New ROI = ($28,900/100,000) *100%
=28.9%
Answer:
economies of scale
Explanation:
Financial intermediaries' ability to reduce the average cost of collecting information because of their efficient operations allows them to take advantage of economies of scale. Let's look what the economies of scale is .
Economics of scale is the decrease in cost as production increases. The increase in production decreases the cost. Thanks to the economics of scale, a trade can be done in a mutually beneficial manner. In addition, economies of scale carry the logic that large economies can be superior. The biggest reason for this is that the more production the enterprise produces in such economies, the lower the cost will be.
Scale economy can be defined as taking advantage of the large scale's cost reduction. By establishing a large capacity for production, this capacity is used effectively and the cost per unit is minimized. Usually, the scale economy occurs when a company meets a significant part of the demand in the market.
Scale Economy Types:
1) In the external-external scale economy, the average cost of a firm decreases when the space it occupies in the industry it is in increases. In other words, in external economies, the cost per output depends on the size of the industry, and in the economies of internal scale, the cost per output depends on the size of the firm.
2) In the internal-internal scale economy, when a firm's own production scale increases, the average cost decreases.
Both external economies of economies and internal economies of scale are largely important for international trade.
Negative scale economy is the opposite of the system operating in scale economy. In short, for the negative scale economy, we can say that the factors included in the scale economy work in the opposite direction. For this reason, costs increase in these economies. The reason for this can be explained by the negative impact of excessive specialization, or the loss of management.
Answer:
Explanation:
2018 Financial Statement
Income Statement :
Amount of recognized revenue = 3/12 * $54,000
Cr Income statement $13,500
Dr Cash/ Bank Account $13,500
Balance Sheet :
Dr. Bank Account -$54,000
Cr Retained earning -$13,500
Cr Deferred Income -$40,500
Statement of Cash Flow :
Cr Operating income $13,500
Cr Increase in payable(deferred income) $40,500
Revenue to Recognize in 2019
Cr Income Statement $40,500
Dr. Deferred Income $40,500
Answer:
The statement is: True.
Explanation:
There are several differences between trading through a security exchange market and Over-The-Counter (OTC). One of them is that there is a regulator while trading in an exchange market which is merely the exchange such as NYSE or NASDAQ that sends the investors transactions through market makers that are offered by brokers -intermediaries between the market securities and investors. The OTC market does not have regulators. In fact, most securities trading OTC are mostly companies that do not meet major exchange requirements.
Answer:
= 55,780.5 units
Explanation:
A bond is a financial instrument used by a company or government to borrow money.
Zero-coupon bond: Most bonds pay a fixed percentage of their face value - coupon- as interest payment at requalr intervals.
A zero- coupon bond pays no coupon. However, the return on it is the difference between its face value and price.
The Price of a bond is determined using the discounted flow method. Here the present value is calculated using its the face value and the yield. The face value is the amount promised by borrower to pay back. And the yield is the return on the bond expressed in %.
This can be captioned as follows:
P × (1+r)^n = FV,
P- price, FV- Face value, r = yield
P-?, FV- 1000, r = 6.5%/2 = 3.25% (semi-annual interest rate)
P × (1.0325)^(25× 2) = 1000
P × 4.9488 = 1000
P= 1000/4.4988
P= $222.28
P= $222.3
If the bond sells for $222.3, then to raise $12.4 million, Allison will have to sell:
= 12,400,000/222.3
= 55,780.5 units
Answer:
$10 million
Explanation:
net income = $25 million
Year end retained earnings balance = $405 million
Opening retained earnings balance = $390 million
Total dividends paid to shareholders during the most recent year = ?
Retained earnings is the accumulation of the entity's net income over the years. The balance in the retained earnings account reduces when dividends are paid.
Opening retained earnings + net income - dividend paid = closing retained earnings
$390 million + $25 million - dividend paid = $405 million
$390 million + $25 million - $405 million = dividend paid
dividend paid = $10 million
The total dividends paid to shareholders during the most recent year amounts to $10 million.
Answer:
Total dividends paid out equals = $10 million
Explanation:
Dividends represent the proportion of profits paid out as return to ordinary shareholders for their ownership stake -ordinary share capital- in the business.
Retained earnings is the balance of the profit after the payment of dividends. Retained earnings serves as internal source of finance for company to fund the acquisition of non-current assets and working capital.
The balance in the retained earnings account at the end of the accounting period is computed as follows:
$
Balance at the beginning xxx
add net income made in the current period xxx
less Dividend paid (xxx)
Balance at the end xxx
So we can apply this to the question;
$
Balance at the beginning 390
add net income made in the current period 25
less Dividend paid ( y )
Balance at the end 405
Dividends is missing, so we represent it with " y"
390 + 25 -y = 405
390 + 25 - 405 = y
10= y.
Total dividends paid out equals = $10 million
Answer:
The answer is d. Property Rights
Explanation:
The correct answer is Property Rights because strong economy of a country requires good incentive and support by powerful institutions. The important incentives include Property Rights, competition and open market instead of monopolies, dependable legal system instead of legal limits on excessive profits, honest and stable government.