Decoding Apple’s Balance Sheet Apa Format Essay

Disentangling Apple’s Balance Sheet In March of 2009, Apple had its best March quarter income and profit in Apple history (Apple). So as to perceive how this happened, it is essential to investigate the fiscal reports of Apple. There is a great deal of data accessible to speculators who are keen on putting resources into an organization. By taking a gander at the monetary record of Apple I will decide whether putting resources into Apple is a smart thought or a poorly conceived notion. A few things I will consider are Apple’s resources, liabilities, and shareholder’s value. These regions should give me understanding to how the best quarter in Apple history ame to be. Taking a gander at the present resources of Apple, money and money counterparts went down from 1. 8 billion dollars to 4. 4 billion dollars. This may take a gander from the start, yet the entirety of different resources must be added to this so as to get a general image of the advantages. Transient attractive protections went up from 10. 2 billion dollars to 20. 5 billion dollars. This aided Apple’s resources develop enormously. Records receivable tumbled to 1. 9 billion dollars from 2. 4 billion dollars. With the remainder of the present resources fgured in, inventories, conceded charge resources, and other current resources, the complete current resources ose to 33. billion dollars from 32. 3 billion dollars. That was an ascent of 1. 5 billion dollars (Apple). It is critical to consider the remainder of the benefits. For instance, long haul attractive protections rose 1. 5 billion dollars, property, plant and hardware rose 0. 91 billion dollars, generosity remained the equiv alent, obtained elusive resources fell 0. 017 billion dollars, and different resources rose 0. 56 billion dollars. Since we realize how every benefit was influenced during this quarter, we go to the last numbers, which are all out resources rose 3. 6 billion dollars. Apple developed its advantages significantly during this quarter. I would figure Apple would be a decent organization to put resources into. Before I settled on any choices I would examine the asset report further so as to contrast liabilities and shareholder’s value and the past quarter. This will give me a superior comprehension of the budgetary circumstance of the organization (Apple). Current liabilities are in the primary area of liabilities and shareholder’s value. The accompanying records are present liabilities and how they fared. Records payable went down from 5. 5 billion dollars to 3. 9 billion dollars. Gathered costs went down 1 billion dollars. Conceded income went up from 4. 8 billion dollars to 7 billion dollars. The all out change in current liabilities was an abatement of 0. 4 billion dollars. The other two liabilities classifications, conceded income (non-current) and other non-current liabilities, rose all in all 0. 7 billion dollars. This gives the all out liabilities an ascent of 0. 3 billion dollars. This sum contrasted with current resources isn't as noteworthy. So far Apple is as yet resembling a wise speculation in light of the fact that the benefits of Apple rose 1. 5 billion dollars while their liabilities just rose 0. billion dollars. It is currently an ideal opportunity to investigate the last classification of the monetary record, the shareholder’s value (Apple). The estimation of investors value, normal stock, rose from 7. 1 billion dollars to billion dollars. Gathered other exhaustive salary rose . 07 billion dollars. All out shareholder’s value rose 3. 3 billion dollars. So including the ascent of 0. 4 billion dollars in liabilities with the 3. 3 billion dollar ascent of the shareholder’s value, we get a similar sum, 3. 7 billion dollars, as we got for the ascent in absolute resources. The monetary record adjusts (Apple). With the ascent in resources, which prompted the ascent in held profit, I figure Apple would be a decent organization to put resources into in light of the fact that they are developing their business. I would need to take a gander at past budget summaries, explicitly the monetary records, so as to look at resources, liabilities, and shareholder’s value from past quarters, however from the data introduced on the asset report from this quarter I would put resources into Apple. References Apple reports second quarter results. (2009, April 22). Recovered August 29, 2010, from http://www. apple. com/pr/library/2009/04/22results. html

The Components Of Attitude Education Essay

The Components Of Attitude Education Essay Disposition impacts the manner by which an individual acts towards an item, foundation, or an individual. Our mentality towards a specific article might be impacted by our folks, school, educators and society in which as an individual we live. As indicated by Thurton (1929) disposition may likewise be characterized as the whole of keeps an eye on tendency, sentiments, dangers and feeling about a particular point. Karlinger (1973) holds that disposition is an indispensable piece of character to think, to feel, and see to carry on towards a referent and psychological item. Disposition is significant as it chooses the standard of conduct of an individual. Mentalities can be certain and express. Understood perspectives are oblivious, yet affect our convictions and practices. Unequivocal perspectives are those about which we are deliberately mindful of and they plainly impact our practices and convictions. In the assessment of Bain (1927), a disposition is the generally unmistakable conduct of an individual which influences his status. Jung (1921) characterizes disposition as an availability of the mind to act or respond with a specific goal in mind. Parts of Attitude Harrison (1976) has recognized three segments in demeanor as under: Convictions are what one thinks about attractive and unwanted. Perspectives are joined by feelings and impact one another. The individual shows his disposition through his activity (conduct). Notwithstanding, Wenden (1991) proposed a more extensive meaning of the idea mentality. He has presented these terms with a little change, in spite of the fact that the topic is nearly the equivalent. He says that the term demeanor incorporates three parts as Subjective Full of feeling Conduct Subjective part is comprised of the convictions and thoughts or sentiments about the object of the demeanor. Rosenberg and Hovland (1969) recommend that discernments incorporate observations, ideas, and convictions about the demeanor object and these are generally communicated by verbal inquiries. Ajzen (1988) sorts intellectual segments into verbal and non-verbal reactions. Psychological reactions of a verbal sort are articulations of convictions about a disposition object. As indicated by him, intellectual reactions of a nonverbal kind are increasingly hard to evaluate, and the data they give about perspectives is typically progressively aberrant. Bread cook (1992) accepts that the subjective segment includes contemplations and convictions. Full of feeling part alludes to the sentiments and feelings that one has towards an article, likes or despises, with or against. Ajzen (1988) accepts that full of feeling reactions include assessments of, and sentiments towards, the disposition object. Verbal full of feeling reactions can be articulations of reverence or appall, thankfulness or scorn. Then again, outward appearances and other real responses are expected to show nonverbal full of feeling reactions. Pastry specialist (1992) proposes that the full of feeling segment concerns emotions towards the objective language, which might be love or loathe of the language, an enthusiasm for the verse of the objective language, or a nervousness about learning it. Likewise, Hermann-Brennecke (2000) characterizes the full of feeling part as an inclination based evaluative segment. The social part alludes to ones comprising activities or conduct goals towards the article. Rosenberg and Hovland (1969) assess the social segment towards a circumstance with respect to a people obvious activities or verbal proclamations concerning conduct. These segments of mentality comprise of an inclination of a person to carry on with a specific goal in mind towards and object. Just this part of mentality is noticeable as the other two must be surmised. Sorts of Attitude There are three sorts of mentality; Uplifting Attitude is a sort of demeanor that individuals are probably going to act reliably with. Adverse Attitude is a sort of demeanor where individuals act conflictingly with. Unbiased Attitude alludes to a circumstance where individuals feel themselves hesitant to take any unequivocal choice and think that its hard to settle on a decision either to go with something or not. As for inspirational mentality, individuals may get particular to the said disposition and will in general see each circumstance which compares to it. Then again, with a contrary disposition a people demonstration won't be predictable because of the bending he needed to achieve. Mentality Formation Mentalities might be gained from the encounters we have. These incorporate generally commonplace occasions, for example, being applauded by our folks for explaining liberal perspectives, yet in addition significant life and world occasions. Â The fundamental procedures through which we learn mentalities continue as before all through life, however as we become more seasoned the perspectives we learn might be progressively mind boggling, and the ones we as of now hold may turn out to be increasingly impervious to change. Perspectives are found out from our experience of the social setting around us. Research has demonstrated that there are a few manners by which mentalities are procured. Perhaps the most punctual specialist of demeanor development is guardians. Later on world experience, cooperation with the external world assumes a hugeness job in the development of demeanor. A portion of the mental variables which assume a fundamental job in disposition development are talked about beneath: Operant molding. It includes deliberate reactions. It is typically include with the social part of disposition. Practices will in general be rehashed on the off chance that they are fortified. Thus practices will in general be halted when they are rebuffed. Direct guidance. The reception of mentalities is straightforwardly told by the guardians, schools, network, companions, just as the effect of religion and so on. Social learning. It depends on demonstrating and perception. We watch others, on the off chance that they are compensated and get thankfulness for specific practices, we are strengthened and it is almost certain, that we carry on in the best approach to communicate this mentality. Reasonable examination. It includes the cautious weighing of proof for, and against, a specific mentality. As it were it includes the cautious perception of the proof so as to take the correct choice. Language Attitude Language mentalities are the emotions individuals have about their own language or the dialects of others (Crystal, 1992). Language demeanor is not quite the same as other general perspectives as in they are explicitly about language. It is regularly viewed as that language mentalities are identified with the language itself, its assortment, its sound framework, its semantic quality et cetera. Indeed, the term language disposition is applied by sociolinguists today, incorporates the standpoint and our association towards the speakers of a specific dialects. Fasold (1984) proposes that perspectives towards a language are regularly an impression of mentalities towards individuals from different ethnic gatherings. Language perspectives are changing constantly on the grounds that the financial circumstance of a nation may change, to improve things or the more terrible, thus produce an alternate language demeanor among its speakers or potential speakers. The equivalent changing language demeanor goes for the decision of an unknown dialect where the specialty and the requirements decide the language status. In this regard, Calvet (2006) states: People are not generally ready to pick their dialects, their decision is resolved most importantly by the milieu where they get themselves, by the dialects that exist together in this specialty and afterward by their necessities, and almost no by the typological circumstance other coinciding dialects. Second Language-Learning Strategies All language students use language learning procedures either deliberately or unknowingly when preparing new data and performing assignments in the language study hall. Since language study hall resembles a critical thinking condition in which language students are probably going to confront new information and troublesome errands given by their educators, students endeavors to locate the speediest or least demanding approach to do what is required, that is, utilizing language learning systems is inevitable. The term language learning procedure has been characterized by numerous analysts. Wenden and Rubin (1987) characterize learning techniques as any arrangements of activities, steps, plans, schedules utilized by the student to encourage the getting, stockpiling, recovery, and utilization of data. Richards and Platt (1992) express that learning procedures are deliberate conduct and contemplations utilized by students during adapting in order to more readily enable them to comprehend, learn, or recall new data. Faerch Claus and Casper (1983) stress that a learning technique is an endeavor to create etymological and sociolinguistic fitness in the objective language. Order of Language Learning Strategies by OMalley OMalley (1985) separates language learning methodologies into three primary subcategories Metacognitive methodologies. It very well may be expressed that metacognitive is a term to communicate official capacity, procedures which require anticipating getting the hang of, considering the learning procedure as it is occurring, checking of ones creation or understanding, and assessing learning after a movement is finished. Among the principle metacognitive methodologies, it is conceivable to incorporate development coordinators, coordinated consideration, specific consideration, self-administration, utilitarian arranging, self-observing, deferred creation, self-assessment. Psychological systems. Psychological systems are progressively restricted to explicit learning errands and they include more straightforward control of the learning material itself. Reiteration, resourcing, interpretation, gathering, note taking, conclusion, recombination, symbolism, sound-related portrayal, watchword, contextualization, elaboration, move, induction are among the most significant intellectual methodologies. Socioaffective techniques. Regarding the socio full of feeling procedures, it tends to be expressed that they are connected with social-interceding action and executing with others. Collaboration and question for explanation are the principle socioaffective systems (Brown 1987). Mentality and Motivation in L2 Learning In the field of language mentalities, the

The FRESH-Thinking Project Essay Example

The FRESH-Thinking Project Paper The FRESH-Thinking Project is comprised of doctors, medical coverage officials, clinic directors, business analysts and different specialists and intrigue gatherings, speaking to an assorted group who held various workshops and concurred on a few suggestions they state are basic for medicinal services change to be effective. They suggest that all together for protection trades to be effective and serious on cost and worth, they all more likely than not normalized bundles. How these bundles are planned will require specialized subtleties so an autonomous block ought to be set to make alternatives accessible for these bundles and Congress and the organization could acknowledge or dismiss these. The bundles will detail what the base inclusion the business based plans must be qualified for charge prohibitions. People ought to have choices to buy bundles with more coverage (Emanuel, April 7, 2009). We will compose a custom paper test on The FRESH-Thinking Project explicitly for you for just $16.38 $13.9/page Request now We will compose a custom exposition test on The FRESH-Thinking Project explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer We will compose a custom exposition test on The FRESH-Thinking Project explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer What Mr. Obama’s bill has proposed is a fifteen part barricade made of specialists that will basically remove some of Congress’s position to set Medicare arrangements.  The board will be chosen by the organization and affirmed by the Senate and every part will serve a multi year term. The representatives will be picked because of their aptitude in account, social insurance and financial matters. The capacity of the board will be to build up a procedure of program cuts if Medicare costs go above foreordained levels, and its’ proposals will go live except if Congress and the White House concur on substitute plans which yield equivalent reserve funds. While the board won't be permitted to expand protection premiums or decline benefits, it would show at its benevolence the installments to specialists, pharmaceutical organizations and insurance agencies. This piece of the bill has disturbed a great deal of medication producers, and lobbyists for specialists to make reference to only a couple. The reason for the board is to cut spending in clinical protection for the matured, on the grounds that Medicare and Medicaid spending is relied upon to develop by 7 percent every year in the following ten years. Clinics also will confront installment cuts. Intrigue bunches like the American Medical Association and the Pharmaceutical Research and makers of America are pestered by the board’s tremendous power to roll out generous improvements to the Medicare framework with no test by the Congress (Faler, 2010). While it is prescribed that people have choices with respect to which of the bundles they wish to pick the bill will drive individuals to get their consideration through something many refer to as â€Å"medical home.† An essential specialist will be doled out and he will control your entrance to pros. All opportunity to pick anything is evacuated.

Logistics & Operations Management of Next Plc †Free Sample

Question: Recognize the segment exercises for an association of Next Plc then assess the presentation goals utilized by each and fundamentally look at and recommend manners by which the exhibition could be improved? Answer: Presentation Coordinations and activities the board are the critical utilitarian regions in any association since they decide the viability with which the association accomplishes its objectives and targets decidedly. Coordinations the board is worried about the progression of materials to distribution centers and completed item to retailers and last buyers. Activities the executives is worried about dealing with the tasks through applying progressed mechanical frameworks so cost proficiency is accomplished which will at that point be moved to the last buyers. Be that as it may, in effectively playing out the administration of tasks and coordinations, there are fundamental segment exercises utilized by various associations (Loader and Biggs, 2002). In accomplishing better degree of execution against these part exercises, there are explicit execution targets that have been considered by these associations and they are engaged so as to accomplish improved degree of execution against such destinatio ns (Lewis and Slack, 2003). This report is planned for distinguishing significant segment exercises in regard to Next Plc and this is trailed by an appraisal of the significant goals that are set by the association in such manner. When the destinations are recognized, the following stage is to assess the present degree of execution of Next Plc against this with the goal that suggestions can be given in accomplishing improved degree of execution against them. Brief Analysis of Next Plc An investigation of Next Plc demonstrates that it is a British Multinational apparel footwear and home items retailer that has its headquarter in Enderby, Leicestershire. Next works in excess of 700 stores with dominant part of them are in the UK. It has been the biggest garments retailer in UK, and the center highlights of Next is that it incorporates assortment for men, ladies, and youngsters that are styled and structured by its in-house group. The in-house group is liable for planning extraordinary style, quality and incentive for cash with a contemporary design edge. The association works in UK, however it has its activities universally in 40 nations abroad. Therefore, the tasks the executives including organizing has been done proficiently so as to meet out its clients prerequisites (Next Plc, 2015). Distinguishing proof of Component Activities in Operations and Networking at NEXT The segment exercises principally demonstrate the key segment parts that must be performed to accomplish associations objectives. As Next is recognized as attire retailer in UK, the tasks the executives exercises of Next include certain key segment exercises that satisfies the necessities and desires from such operational divisions. Concerning example, a significant key part movement identified with activities the executives is the item planning and determination. Aside from this, abilities and proficiency of its representatives is another key part action of Next Plc that bolsters the activity the executives over the association. The workers are responsible to supporting the clients of the association. Money taking care of in Nexts retail design stores, and accomplishing wellbeing and security are the other significant segment exercises in tasks the executives of the organization (Vidler, 2001). Aside from the segment exercises in regard to tasks the executives, there are sure significant part exercises that have been distinguished in regard to the systems administration process in the coordinations the executives at Next. As Next is working at an enormous level, the job of systems administration and conveyance is significant, and there are sure key part exercises that are included inside its systems administration process. The present examination demonstrates that Next has in excess of 500 stores in UK and the conveyance and flexibly of vital garments wears to these stores have been the critical segment movement of Nexts current tasks. The systems administration process likewise incorporates the segment action of providers consideration with the goal that the whole systems administration procedure can be done effectively in addressing out the requirements and desires for its last end customers (Next Annual Report, 2013). These are the significant segment exercises of Next Plc that have been noted in regard to its activities the executives and systems administration forms. Key Performance Objectives for Each Identified Component Activity So as to accomplish improved tasks execution and coordinations the board at Next Plc, there are significant segment exercises that have been noted. These part exercises as distinguished have explicit targets and they are demonstrated independently as follows: Item Designing and Selection: This has been the key part movement of tasks the executives at Next Plc, and the destinations are: To configuration garments wear according to current patterns as predominant inside UK clients. To foresee and react to changing client inclinations and desires. To keep up adequate amounts of a specific design wear in order to forestall exorbitant creation and at last obsolete issues (Next Annual Report, 2013). Applying Employees Skills and Abilities: This is another significant segment movement of activities the executives at Next Plc, and its goals include: To utilize propelled aptitudes and capacities of its workers in structuring popular wears. To make ideal use of HR in accomplishing hierarchical assignments and exercises in a cost productive manner (Sharma, 2006). Money Handling and Safety and Security: Next being working such a significant number of stores across UK has explicit activities objectives to accomplish wellbeing and security in its tasks, and oversee money dealing with process productively. The destinations are: To accomplish the creation procedure with higher security and no setbacks at working environment. To accomplish legitimate administration of money with higher exactness levels (Kale, 2013). Providers Inclusion in Networking System: This has been the key segment at Next in its systems administration tasks, and the exhibition targets are: To guarantee that there is ordinary flexibly of materials varying by Next all through the whole time frame. To ensure that sufficient compliances are accomplished by providers with the organization code (Next Annual Report, 2013). The examination above has demonstrated about various segment from tasks the board and systems administration process at Next Plc and the primary execution targets that have been required to accomplished by the association. The following area investigations the real execution of Next as against these destinations with the goal that proper proposals would be given in accomplishing improved degree of execution. Examination of Next Plcs Performance against Performance Objectives As there are explicit execution targets that have been recognized in regard to Next Plcs activities and systems administration the executives, an investigation of its present execution level as against these destinations is basic. As, according to the target of item structuring and choice, the exhibition goals of Next has been evaluated which recommends that the associations targets recognizing planning altered items and administrations that can suit their client needs and prerequisites. In accomplishing this target, there has been official executives and senior administration that have been ceaselessly engaged with the procedure, and they perform ordinary check ups of the creation forms that have been completed. This not just empowers the creation of apparel wear according to the most recent patterns and necessities of clients, however it likewise results into the positive achievement of item amounts according to prerequisites. The odds of additional excess creation get diminished a s a result of the contribution of senior level supervisors and chiefs in such creation process at Next Plc. This specific methodology has been applied at Next Plc in tending to the issue of item planning and improvement with the goal that the end client necessities are effectively met (Next Annual Report, 2013). Aside from the presentation objective according to item plan and improvement, the investigation of the instance of Next Plc demonstrated that the activities the executives include the targets identified with human asset use. At Next Plc, the senior administration and the specialized work force are persistently associated with settling on significant choices identified with employing and holding skilled staff. The specialized staffs are liable for drawing in, rousing and holding exceptionally qualified representatives. Furthermore, in accomplishing the particular destinations corresponding to utilizing the most ideal information, aptitudes and capacities of representatives, there has been the organization of huge number of methodologies performed across Next Plc. These systems incorporate giving adequate degree of preparing and advancement chances to representatives, advancing equivalent chances, encouraging effective correspondence chances to workers (Next Annual Report, 2012). These particular methodologies in overseeing hierarchical workers at Next have been critical from the perspective of accomplishing wanted degree of execution on their part. The focal point of the directors and specialized faculty at Next towards using the ability of their representatives by enrolling and employing master experts, and giving them preparing and improvement has been essential. These activities takes into account achieving wanted objectives by the organization as far as higher operational proficiency. At Next Plc, its workers are considered as one of their significant resources, and they are satisfactorily bolstered with the goal that their endeavors results into the fulfillment of authoritative objectives. In these manners, the ideal use of representative capacities is being accomplished at Next which has been advantageous to the organisa

The Missing Watch

The Missing Watch There once was a farmer who discovered that he had lost his watch in the barn. It was no ordinary watch because it had sentimental value for him.After searching high and low among the hay for a long while; he gave up and enlisted the help of a group of children playing outside the barn.He promised them that the person who found it would be rewarded. Hearing this, the children hurried inside the barn, went through and around the entire stack of hay but still could not find the watch. Just when the farmer was about to give up looking for his watch, a little boy went up to him and asked to be given another chance.The farmer looked at him and thought, “Why not? After all, this kid looks sincere enough.”So the farmer sent the little boy back in the barn. After a while the little boy came out with the watch in his hand! The farmer was both happy and surprised and so he asked the boy how he succeeded where the rest had failed.The boy replied, “I did nothing but sit on the ground and listen. In the silence, I heard the ticking of the watch and just looked for it in that direction.”Author UnknownA peaceful mind can think better than a worked up mind. Allow a few minutes of silence to your mind every day, and see, how sharply it helps you to set your life the way you expect it to be!

Nationalisation - Free Essay Example

]Nationalisation The RBI was nationalized on January 1, 1949 in terms of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948 (RBI, 2005b). [Reference www. rbi. org. in] By the 1960s, the Indian banking industry had become an important tool to facilitate the development of the Indian economy. At the same time, it had emerged as a large employer, and a debate had ensued about the possibility to nationalise the banking industry. Indira Gandhi, the-then Prime Minister of Indiaexpressed the intention of the GOI in the annual conference of the All India Congress Meeting in a paper entitled Stray thoughts on Bank Nationalisation. The paper was received with positive enthusiasm. Thereafter, her move was swift and sudden, and the GOI issued an ordinance and nationalised the 14 largest commercial banks with effect from the midnight of July 19, 1969. Jayaprakash Narayan, a national leader of India, described the step as a masterstroke of political sagacity. Within two weeks of the issue of the ordinance, the Parliament passed the Banking Companies (Acquisition and Transfer of Undertaking) Bill, and it received the presidential approval on 9 August 19 69. A second dose of nationalization of 6 more commercial banks followed in 1980. The stated reason for the nationalization was to give the government more control of credit delivery. With the second dose of nationalization, the GOI controlled around 91% of the banking business of India. Later on, in the year 1993, the government merged New Bank of India with Punjab National Bank. It was the only merger between nationalized banks and resulted in the reduction of the number of nationalised banks from 20 to 19. After this, until the 1990s, the nationalised banks grew at a pace of around 4%, closer to the average growth rate of the Indian economy.

The Cultural Clash Between Putzmeister From Germany And...

When using Hofstede, it becomes apparent that the two cultures differ regarding individualism, uncertainty avoidance and power distance. The scores indicate that Germans are individualistic and ambitious. They also want to control the future and they prefer egalitarian structures. Contrarily, the Chinese have a comparable profile, except, they are group-oriented, they accept an unpredictable future and they prefer hierarchies ((Germany in comparison with China, n.d.). These differences indicate a potential cultural clash between Putzmeister from Germany and Sany from China. For example, Germans might want to plan future business actions while the Chinese would not understand this behaviour because to them the future is uncontrollable.†¦show more content†¦Another example are the opposing values of equality and respect for authority which mirror the different degrees of power distance mentioned earlier. German subordinates would speak up if they can contribute expertise to a discussion. For the Chinese, this would be unthinkable since they highly respect their superiors. These and other behaviours are the reason why Putzmeister can be classified as a role or Eiffel tower culture and Sany as a power or family culture (Harrison, 1972; Trompenaars, 2011). This categorization is illustrated below This illustration displays the immense cultural distance between the two companies (Liu Chen, 2015) and the potential for a cultural clash, just like the national cultures. This distance seems to be the reason why Sany tried to preserve the cultures of both firms (Copley, 2016) and limit the cultural integration to strategic cooperation (Klooß, 2013). This approach is aligned with academia suggesting that it is vital for successful Chinese-European MA’s to keep the European subsidiary intact to preserve motivation (Chen, Werle, Moser, 2016). Indeed, the acquisition of Putzmeister by Sany shows that cultural distance can be a chance (Liu Chen, 2015) and this might have made this partnership a success (Copley, 2016). 4.0 Question 4 As discussed in section two, cross-border acquisitions like Sany’s can be subject to currency risk. To determine