Answer:
The Current account is for goods and services.
The Financial account is for exchange of currencies and financial assets across countries.
Miguel, a U.S. resident, buys an HDTV set for $2,500 and sends it to Mexico as a gift to his parents. <u>DEBIT CURRENT ACCOUNT. CREDIT CURRENT ACCOUNT. </u>
Miguel buys the good in the U.S. and then sends it so this falls under the current account alone.
Arielle, a French tourist, stays at a hotel in San Francisco and pays $400 for it with her debit card issued by a French bank. <u>DEBIT FINANCIAL ACCOUNT. CREDIT CURRENT ACCOUNT. </u>
The Financial account should be debited to show that currency is coming into the U.S. from outside the country and current account should be credited for services rendered.
A U.S. computer manufacturer purchases hard drives from a Korean company, paying the funds from its bank account in Korea. <u>DEBIT CURRENT ACCOUNT. CREDIT FINANCIAL ACCOUNT. </u>
Current account should be debited to reflect that goods are coming into the country but the financial account should be credited to show that currency is leaving the ownership of an American entity so it is passing out of American hands.
Describing the differences among ethnocentric, polycentric, regiocentric, and geocentric management orientations. We can explain them as follows.
In an ethnocentric management orientation, domestic enterprises or organizations think that their domestic activities or practices within the domestic area influence the domestic market. In this situation, the management teams are frequently transferred from their hometown or place of origin to a new site or a foreign nation.
The approach known as polycentric management orientation is one in which companies and organizations think there is always a distinctive strategy in every global market. This entails hiring and advancing suitable people from the same nation or region that the company works in. It primarily aims to lower hiring costs.
On the other side, the huge multinational firms that tend to construct groups of nations or regions where their branches are located and then develop policies and strategies that would only be relevant in those nations or regions are known as "regiocentric management orientation."
Contrary to the polycentric method, firms and organizations using geocentric management operations hire personnel from all over the world. KFC frequently adopts this stance.
Hence, differences among them have been explained above.
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Answer:
c. a petty cash voucher.
Explanation:
For controlling the inventory following documents are to be used i.e.
1. Purchase order
2. Vendor invoice
3. Receiving report
These three documents we called as an voucher package
But it does not involved the petty cash voucher
Therefore the correct option is c.
And, the same is to be considered
Answer:
d. all of the above
Explanation:
Six sigma as a 99.9997% rate of perfections which amounts to 3.4 error per million transaction.
Six sigma is an effective methodology that helps to reduce cost and decrease cycle time.
It is a methodology that increases productivity and efficiency in process, it also reduces the amount of defects and helps to eliminate it.