Managers avoid an ethnocentric approach to business

Assignment Help Financial Management
Reference no: EM13954770

When an American business person in a foreign country insists on speaking only in English, what message is it sending to clients? How can knowledge of the local language help managers avoid an ethnocentric approach to business?

Reference no: EM13954770

Questions Cloud

Discuss the importance of language in business : The European Union believes that knowledge of foreign languages is an important factor in business today. Discuss the importance of language in business. How will the European Union's program help British business people gain an edge over their rival..
Comment on any significant findings : Using the selected data, prepare a horizontal analysis for Bayberry Office Plus. Comment on any significant findings.
How does culture affect the different business functions : How does culture affect the different business functions? How can knowledge of different languages help managers in the different functional areas?
Accounting records in a manual system : Hyperion Landscaping Ltd currently keeps its accounting records in a manual system, but now intends to move to a computer-based system. Put the following items in the correct chronological order in which Hyperion should deal with them:
Managers avoid an ethnocentric approach to business : When an American business person in a foreign country insists on speaking only in English, what message is it sending to clients? How can knowledge of the local language help managers avoid an ethnocentric approach to business?
Business people is important part of business deal : In China, the relationship between business people is an important part of a business deal. How can knowledge of the local language help build that trust? What can be learned from the experiences of Martin Brady, a British businessman enrolled in the..
A particular amount of grams of each reactant : Pb(OH)4+H2SO4→Pb(SO4)2+H2O Pb(OH)4+H2SO4→Pb(SO4)2+H2O SOLUTION.equation worked out. please do this example starting with a particular amount of grams of each reactant.
Scalability an important network design goal : Why is understanding an organization's technical goals necessary when working on a design? List and explain in detail at least three of these goals.
Business people better understand foreign cultures : Language is an important part of culture. How can participating in the language learning program offered by the European Union help business people better understand foreign cultures?

Reviews

Write a Review

Financial Management Questions & Answers

  Combine all expected impacts to develop an overall forecast

The United Kingdom is expected to impose a small tariff on goods imported from Country K. Combine all expected impacts to develop an overall forecast.

  What was its charge for depreciation and amortization

Talbot Enterprises recently reported an EBITDA of $9.0 million and net income of $2.7 million. It had $3.6 million of interest expense, and its corporate tax rate was 40%. What was its charge for depreciation and amortization? Enter your answer in do..

  Cash balances as result of implementing the lockbox system

It takes Cookie Cutter Modular Homes, Inc., about six days to receive and deposit checks from customers. Cookie Cutter’s management is considering a lockbox system to reduce the firm’s collection times. What is the reduction in outstanding cash balan..

  What is the year one operating cash flow

A firm is considering the acquisition of a new machine. The base price is $85,000 and it would cost $15,000 to install. The machine is MACRS 3 year class property and it will be sold after 3 years for $17,000. The machine would also require an increa..

  Revenues generated by a new fad product are forecast

Revenues generated by a new fad product are forecast as follows: Expenses are expected to be 50% of revenues, and working capital required in each year is expected to be 10% of revenues the following year. The product requires an immediate investment..

  Most recent dividend per share paid on the stock

Gontier Corporation stock currently sells for $64.48 per share. The market requires a return of 9 percent on the firm’s stock. If the company maintains a constant 4.5 percent growth rate in dividends, what was the most recent dividend per share paid ..

  Bonds for some much needed expansion projects

Pembroke Co. wants to issue new 20-year bonds for some much needed expansion projects. The company currently has 8 percent coupon bonds on the market that sell for $983, making annual payments, and mature in 20 years. What coupon rate should the comp..

  What is the net present value of the project

Suppose Palmer Properties is considering investing $2.6 million today (i.e., C0 = -2,600,000) on a new project that is expected to last for 7 years. The project is expected to generate annual cash flows of C1 = -250,000; C2 = 300,000, C3 = 500,000 an..

  Forward contract on a stock

The current price of a stock is $400 per share and it pays no dividends. Assuming a constant interest rate of 8% per year compounded quarterly, what is the stock's theoretical forward price for delivery in 9 months?

  What is the intrinsic value of a share of stock

The risk-free rate of return is 7.5%, the expected rate of return on the market portfolio is 14%, and the stock of Xyrong Corporation has a beta coefficient of 2.8. Xyrong pays out 40% of its earnings in dividends, and the latest earnings announced w..

  Break even analysis utilizes both current-projected figures

Break even analysis utilizes both current and projected figures. in a rapidly changing economy, there are many individuals who are finding that their break even analyses were incorrect. What could be done to minimize errors in projections?

  Stock using the two-stage dividend discount model

You see a fast growing company that is estimated to have dividend growth of 24%, 20%, and 16% over each of the next three years (24% in year 1 in year 2 20% and in year 3 16%) The company paid a dividend of $2.28 per share over the past twelve months..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd