Lee kwon is a korean worker who has been transferred by his company to the united states for six months to negotiate a supplier contract. lee is having some problems understanding how to do business in the u. s. he has tried to get to know his u. s. co-workers, but feels rebuffed when they prefer to just get down to business and get things done. the problem could be the fact that lee is from a(n) and believes building personal relationships and trust is more important than focusing on doing business as his u. s. co-workers are more comfortable doing.
a) company that does not encourage communication
b) high-context culture
c) informal culture
d) low-context culture

Owning a word is a characteristic of a powerful a. productb. servicec. organization d. brand

Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.

Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year.a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs.b. calculate the eoq.c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?