What are the advantages and disadvantages of using a nation as a point of reference for a culture?
What will be an ideal response?
The nation, as opposed to the State, provides a workable definition of a culture for international business because basic similarity among people is both a cause and an effect of national boundaries. The laws governing business operations also apply primarily along national lines. Within the bounds of a nation are people who largely share essential attributes, such as values, language, and race. However, these shared attributes do not mean that everyone in a country is alike, nor do they suggest that each country is unique in all respects.
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Martin Ceramics Company sold equipment for cash. The income statement shows a gain on the sale of $1,020. The net book value of the asset was $3,810. Which of the following statements describes the cash effect of the transaction?
A) negative cash flow of $4,830 for financing activities B) negative cash flow of $2,790 for operating activities C) positive cash flow of $4,830 from investing activities D) positive cash flow of $2,790 from investing activities
Discuss examples of problems that might have occurred during the production of a document
What will be an ideal response?