crossICullural Managmt 7
6cullure and DIHerlmCe
The manager cannot usually expect to force-ht members of another
I.3.I ues, beliefs,and attitudes
culture into his/her cultural norms. They cannot easily be made to
accept his/her perceptio
superior to value
Teaching cure with giobai teams 245
Three sampe "day at work" scenarios for the
United States, japan, and Sweden
US scetloTl' Jerry's doy ot work
Jerry Davis an American endneer working for a major automotive m?nufaeturer was checking his e-mail in the on
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Introduction to Islamic
Associate Prof. Dr. Fakhrul Anwar Zainol
Universiti Sultan Zainal Abidin
Islam means The Surrender, that is, man surrendering to
Gods will and purpose.
Islam is an Arabic word th
Professor of International Management at Soka
Bachelor in economics (Brussels University)
PhD in applied economics (Brussels University)
In a global world, businesses become cultu
Know Yourself and Others: the Cultural Perspective
The values shared by members of a social grou
p shape, and are at least to some extent shape
d by, collective beliefs, behavior, and artifacts
Culture is believed to influence an
On January 2, 20x1, Union Co. purchased a machine for $264,000 and
depreciated it by the straight-line method using an estimated useful life of 8
years with no salvage value. On January 2, 20x4, Union determined that the
tinian defeat in the war. and the subsequent ousting of the
this was an expensive mistake.
Junta showed that
Stereotyping is stati ' experiences into given explana-
tory categories. Effective generalization is dynamic because experi
On January 1, 20x1, Ms. Ross contributed $15,000 in cash to establish XYZ
On the January 1, 20x1 balance sheet, this $15,000 should be recorded under
Cash and Bank loans payable.
Bank loans payable and Paid-in capi
The historical cost principle states that:
Assets should be recorded at cost and adjusted when the fair value
Activities of an entity be kept separate and distinct from its owner.
Assets should be recorded at
A company issued and sold new common stock to investors. Which of the
following is the correct description of the effect of this transaction on
Paid-in capital increased.
Paid-in capital decreased.
How would the proceeds received from the advance sale of nonrefundable
tickets for a theatrical performance be reported in the sellers financial
statements before the performance?
Revenue for the entire proceeds.
During January 20x1, ABC Company, which maintains a perpetual inventory
system, recorded the following information pertaining to its inventory:
Which of the following statements about the sales returns and allowances
account is correct?
Sales returns and allowances account can be treated as a selling
Sales returns and allowances account would decrease g
At January 1, 20x1, Jamin Co. had a credit balance of $260,000 in its
allowance for uncollectible accounts. Based on past experience, 2% of
Jamins credit sales have been uncollectible. During 20x1, Jamin wrote off
Marsh Company had 150 units of product A on hand at January 1, 20x1,
costing $21 each. Purchases of product A during the month of January were
Ward Co. estimates its uncollectible accounts expense to be 2% of credit
sales. Wards credit sales for 20x1 were $1,000,000. During 20x1, Ward wrote
off $18,000 of uncollectible accounts. Wards allowance for uncollectible
Which of the following statements is true about the LIFO method ?
Ending inventory is calculated based on the cost of the last goods
Ending inventory is calculated based on the cost of the first goods
A company decided to change its inventory valuation method from FIFO to
LIFO in a period of rising prices.
What was the result of the change on ending inventory and net income in the
year of the change?
Which of the following obligations of an entity should be classified as a
noncurrent liability on its December 31, 20x1 balance sheet?
Accounts payable to suppliers for purchases in December 20x1, due
on January 31, 20x2.
What factor must be present to use the units-of-production activity
method of depreciation?
Total units to be produced can be estimated.
Production is constant over the life of the asset.
Repair costs increase with u
ABC Company purchased a machine costing $150,000 for its manufacturing
operations and paid shipping costs of $10,000. ABC spent an additional
$10,000 cash on testing and preparing the machine for use. What amount
should ABC r
Which method applies the actual cost of goods to both the units remaining in
the inventory and the cost of goods sold?
ABC Company purchased equipment on January 2, 20x1, for $100,000. The
equipment had an estimated 5-year service life. ABCs policy for 5-year
assets is to use the 200% double-declining balance method for the first 2
years of t
ABC Company bought new maintenance equipment for $500,000. The
equipment had an expected useful life of 5 years and salvage value of
$50,000. Depreciation for the second year of the assets life using the sumof-the- years-digi
On December 31, 20x1, Woods Company owed ACE Bank $10,000, of which
$5,000 is due July 1, 20x2, and 20x3. How should this liability be reported ?
$10,000 as a current liability.
$5,000 as a current liability and $5,000
Current liabilities are obligations that are or will be due within a normal
operating cycle or within a year if more than one cycle is completed each
From the following, identify the account which does not belong to cur
On January 1, 20x1 ABC Company sells equipment for $20,000 cash. The
original cost was $60,000, the estimated salvage value was $5,000, and the
expected useful life was 5 years. On December 31, 20x0 the accumulated
When a company issues bonds with the stated interest rate of 6% whereas
the market interest rate is 9%, the bonds would usually be
Issued at par
Issued at a discount
Issued at a premium
Issued at a loss
Each of the following statements is correct, except
Companies pay money to buy back treasury stock.
Treasury stock is debited at the price paid to reacquire the shares.
The acquisition of treasury stock reduces stock