Which of the following statements is true about the business implications of Japanese society?
A. The determination of social status of an individual is independent of the standing of the group to which he or she belongs.
B. It is difficult to find self-managing work teams within Japanese organizations.
C. It is more successful at pioneering radically new products and new ways of doing business than the United States.
D. There is a low degree of movement from company to company among managers and workers.
E. The managers and workers lack company-specific knowledge, experience, and a network of interpersonal business contacts.
D
The primacy of the value of group identification also discourages managers and workers from moving from company to company. Lifetime employment in a particular company was long the norm in certain sectors of the Japanese economy.
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The Director of Capital Budgeting of Capital Assets Corp. is considering the acquisition of a new high speed photocopy machine
The photocopy machine is priced at $85,000 and would require $2,000 in transportation costs and $4,000 for installation. The equipment will have a useful life of 5 years. The proposal will require that Capital Assets Corp. send a technician for training at a cost of $5,000. The firm's marginal tax rate is 40 percent. How much is the initial cash outlay of the photocopy machine? A) $64,000 B) $77,000 C) $81,000 D) $96,000
The audit procedure "Review the notes to determine whether any are related party notes or accounts payable" is performed when verifying the classification objective for notes payable
Indicate whether the statement is true or false