International Business Perspective

Question 1

Use the table below to distinguish between the perpetual inventory system and the periodic inventory system by entering the following transactions for May 2018 according to the requirements of each

Screenshot from 2018-10-11 17-49-16

Question 2

Learners are required to write the meaning of contract of service and contract for service and discuss several tests used by the Court in determining the employer-employee relationship and suggest amendments that can be made to current legislations regarding the issue. Learners also have to discuss the various schemes that are available under the Employees Provident Fund (EPF).

Question 3

Select an international firm. Using the firm as an example, discuss the common features of culture in the international business perspective and analyse the basic elements of culture that is important in international business. Suggest steps that can be taken to overcome challenges in cultural differences of the selected firm.

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