The cultural diversity of any country is strength and an asset, and we value diversity of opinions, perspectives and interests. In our everyday life, we continually come up against the situations where our values are in conflict and where we must make choice about what is right and wrong. If we accept the changes as it is, we lose our own values system and if we do not accept the changes we will be considered as underdeveloped. These matters are the matters of decision making. Answer the following questions: a. Why do you think respecting cultural diversity plays a significant role in our lives today? Justify your argument with five reasons. - b. Do you think cultural diversity is an asset or a liability? Justify your views with two reasons. c. Give an example of a place where you have witnessed cultural diversity as a student.

The cultural diversity of any country is strength and an asset, and we value diversity of opinions, perspectives and interests. In our everyday life, we continually come up against the situations where our values are in conflict and where we must make choice about what is right and wrong. If we accept the changes as it is, we lose our own values system and if we do not accept the changes we will be considered as underdeveloped. These matters are the matters of decision making. Answer the following questions: a. Why do you think respecting cultural diversity plays a significant role in our lives today? Justify your argument with five reasons. - b. Do you think cultural diversity is an asset or a liability? Justify your views with two reasons. c. Give an example of a place where you have witnessed cultural diversity as a student.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Have you ever felt restricted in your work because of a lack of empowerment? Can you cite any experiences in which you noticed a lack of empowerment in a person who was serving you? Why is this such a difficult concept to implement in organizations? Please provide references and a detailed answer.
2. [Civil Society and Business] Using appropriate examples, critically evaluate the pros and cons of socially responsible investment.detailed answer
Emotional self-awareness refers to understanding your own feelings, what causes them, and how they impact your thoughts and actions. It is widely known that ethical dilemmas involving other employees/managers are inherently emotional. Researchers have found that such strong negative emotions as sadness and anger influenced individuals to make less ethical decisions, and that emotional intelligent individuals were able to make ethical decisions against the biasing influence of those negative emotions. Explain how moods could influence the thought process and ethical decision making. Have you made a decision you later regretted based on your emotional response?
3. What are the advantages of rules-based standards? 4. Do you think that future international accounting standards will need to be more principlesbased or more rules-based? Many outside the United States claim that a problem with U.S. GAAP is that there are too many rules. They argue for principles-based accounting standards in which the broad principles of accounting are emphasized and less emphasis is placed on detailed implementation rules. Americans counter that IFRS may lack quality and rigor. Additional rules are necessary to provide adequate guidance to users.
Firms struggling for survival in intensely competitive industries may choose to use which type of standard? Multiple Choice Real standards. Ideal standards. Currently attainable standards. Practical standards.
Why are we talking about ethics, anyway? Why isn't the law enough to constrain people in organizations? Only typed Answer
How does the lack of regulations or related laws affect compliance with the best ethical practices in the countries involved?
Translating the aspirations and circumstances of diverse households into appropriate investment decisions is a daunting task. The task is equally difficult for institutions, most of which have many stakeholders and often are regulated by various authorities. The investment process is not easily reduced to a simple or mechanical algorithm. (a) Outline and discuss the ideal investment process. How should an investor, whether individual or institutional, systematically go about investing? Why is taking such an approach necessary? (b) Consider your parents or others in their generation. List and discuss what would be their objectives and constraints for their investment decisions. (c) Consider yourself to be in your 20s or 30s. List and discuss what investment objectives and constraints would fit your investment decision and Discuss the reasons and/or factors for the differences between your answers for (b) and (c).
All qualified plans must have fiduciaries who must act in the best interests of the plan participants and their beneficiaries. Which of the following is a breach of fiduciary responsibilities? Select one: a. Making a bad investment based on professional advice and conducting appropriate due diligence. b. Making sure the plan investments are diversified. c. Making decisions in the interest of the plan sponsor. d. Paying for educational seminars that are reasonable in cost and substantiate attendance in a high percentage of presentation sessions.
Which of the following activities will worsen your chance of financial success? Check all that apply. Knowledge of the general condition and events occurring in the local, state, regional, national, and international economic environments. The development of an effective plan that is consistently applied until it is revised in accordance with changes in your goals and life circumstances. The development of personal financial goals and target dates that are consistent with your values, attitudes, and behaviors. Knowledge of what other average people believe and how they behave, because they affect the same financial markets and economic conditions that affect you..