Code
\documentclass{article}
\usepackage{tabularx,lipsum}
\begin{document}
\noindent
\begin{tabularx}{\textwidth}{@{}>{\bfseries}l X@{}}
Greetings & Refer to counter parts as Mr., Ms. or Mrs \\
Gift Giving & Gift giving is practised but not necessary. Taking someone out is also considered a gift. Gifts are generally given to close a deal or to indicate some celebration. \\
Dressing & Business dressing is a must in the business place. It is recommended that one dresses more conservatively than their counterpart. In the east this a must but in the west, the dressing is relatively casual. \\
Tipping & Tipping not necessary but if the service is good then it should be used. \\
Time Management & Time is extremely important in America. Therefore, it is important that one arrives on time. Do not be surprised if the client is discontent due one's tardiness. \\
\end{tabularx}
\noindent\hrulefill
\noindent
\begin{tabularx}{\textwidth}{@{}>{\bfseries\raggedright}p{5em} X@{}}% \raggedright because justified text in such a narrow column is not good
Greetings & Refer to counter parts as Mr., Ms. or Mrs \\
Gift Giving & Gift giving is practised but not necessary. Taking someone out is also considered a gift. Gifts are generally given to close a deal or to indicate some celebration. \\
Dressing & Business dressing is a must in the business place. It is recommended that one dresses more conservatively than their counterpart. In the east this a must but in the west, the dressing is relatively casual. \\
Tipping & Tipping not necessary but if the service is good then it should be used. \\
Time Management & Time is extremely important in America. Therefore, it is important that one arrives on time. Do not be surprised if the client is discontent due one's tardiness. \\
\end{tabularx}
\noindent\hrulefill
\noindent
\begin{tabularx}{\textwidth}{@{}>{\bfseries\raggedright\hsize=.4\hsize}X >{\hsize=1.6\hsize}X@{}}
Greetings & Refer to counter parts as Mr., Ms. or Mrs \\
Gift Giving & Gift giving is practised but not necessary. Taking someone out is also considered a gift. Gifts are generally given to close a deal or to indicate some celebration. \\
Dressing & Business dressing is a must in the business place. It is recommended that one dresses more conservatively than their counterpart. In the east this a must but in the west, the dressing is relatively casual. \\
Tipping & Tipping not necessary but if the service is good then it should be used. \\
Time Management & Time is extremely important in America. Therefore, it is important that one arrives on time. Do not be surprised if the client is discontent due one's tardiness. \\
\end{tabularx}
\noindent
\begin{tabularx}{\textwidth}{@{}X@{\hspace{4em}}X@{}}
\lipsum*[1] & \lipsum*[1]
\end{tabularx}
\end{document}
Output


Xtol. In your example you get two equal spaced columns. – daleif May 08 '13 at 13:29Xcolumn – daleif May 08 '13 at 13:32&but before. Both columns are equally spaced. As @daleif said, usel(or>{\bfseries}to make your life easier because you don’t need\textbfanymore). If you still want wrapping for the first column use eitherp{<length>}orXwith a certain\hsize. – Qrrbrbirlbel May 08 '13 at 13:36