True or false: practices related to gift giving are generally the same from one culture to the next.

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Terms in this set (48)

Jordan moved from the United States and took a job at a company based in China. He was always trying to get his co-workers in China to discuss their personal feelings regarding corporate decisions, but they were reluctant to do so because such conversations were not typical of their culture. Jordan's behavior is an example of _____.

ethnocentricity

Natalie knew her company could sell its bicycles in England, but she wanted her marketing team to learn more about how consumers in England use bicycles: Do they ride them to work, or do they ride bicycles just for pleasure? What aspect of marketing is Natalie concerned with?

culture

Jensen was surprised to learn that the company to which she was applying hires only graduates from Ivy League schools. This example demonstrates how culture can impact _____ in business.

human resources

In which country does transparency and price drive the procurement process?

United States

When Milli explained to a France-based company that her U.S.-based firm would provide all of the necessary financial documentation to prove its worth, she was taken aback when the French company said they would prefer to know who the treasurer of her company was for the past ten years. This example shows how culture can affect the _____ area of a company.

accounting

What term is given to the belief that your own culture is superior to other cultures?

ethnocentricity

Which one of the following statements is accurate regarding the effects of culture on leadership?

The role, function, and traits of leaders vary by culture.

Kylie told the marketing team that it wouldn't make sense to try and market their company's new frozen meal product line in parts of South Africa because the consumers didn't have electricity, much less refrigeration. Kylie is demonstrating ______________(production/cultural) awareness.

cultural

A culture's aesthetics are expressed most intentionally in _______. (Check all that apply.)

art

folklore

music

drama

Cultural values play key roles in motivating and evaluating employees. This statement is an example of culture affecting which business function?

human resources

Which religion has many denominations and shares a belief that there is one God who is revealed through human history?

Christianity

When Kevin's US-based company purchased a manufacturing facility in China, the company decided to increase the output of the facility by adding an overnight shift. The workers refused to work the overnight hours and eventually the US owner agreed to return to a regular work schedule and output levels dropped. Which aspect of business is being affected by culture?

production

The human-made objects created by a culture are called ____________ culture, or artifacts.

material

Which of the following statements are true of the command-and-control approach to accounting procedures? (Check all that apply.)

Controls are administered by formal institutions.

Compliance is gained through rules and sanctions.

There is nothing as important as ____________(finances/language) in distinguishing one culture or subculture from another.

languages

True or false: Leadership styles tend to remain constant across cultures.

false

The ____________ is the basic unit of institutions based on kinship.

family

The sense of beauty and taste within a culture is known as its ___________.

aesthetics

According to the tenets of _____, all who profess their faith in the Resurrection of Jesus will be received into heaven after death.

Christianity

Gift giving in international business develops a social bond with the hope that it will eventually lead to (suspicion/trust) between the giver and recipient.

trust

Natalie planned to purchase Belgian chocolate during her visit to Brussels because Belgian chocolate has a worldwide reputation for quality. The chocolate Natalie plans to purchase is an example of a(n) _____.

articfact

Which of the following should be kept in mind while analyzing cultural frameworks? (Check all that apply.)

One's own culture functions as an implicit reference point for comparison.

Analyzing cultural frameworks is only the beginning of understanding the complexity of cultures.

The most obvious and distancing cultural distinction associated with international business is ______.

language

Which of the following would be included in Edward Hall's definition of context in a culture's communication? (Check all that apply.)

Helen will do her presentation after Connor but before Jeremy.

Liam slumped over the podium as he gave his presentation.

Tyler started his speech at the back of the room and moved toward the front as he finished.

Leslie decided to hire Patricia for the job because her assistant is Patricia's aunt, and Patricia's aunt knows that Patricia will be able to do the job. Which social institution played a role in the hiring of Patricia?

kinship

True or false: Hofstede's cultural dimensions support the idea that a management technique that is appropriate in one national culture is generally appropriate in another.

false

People who live in the United States are rewarded for being independent. The United States is an example of a(n) _________________(individualistic/collectivistic) culture.

individualistic

True or false: Practices related to gift giving are generally the same from one culture to the next.

false

Which of Hofstede's dimensions analyzes the extent to which members of a society expect power to be distributed unequally and accept that it is?

power distance

Which of the following are cultural frameworks? (Check all that apply.)

Hofstede's six dimensions

Trompenaars's seven dimensions

Edward Hall's high context and low context

Kluckhohn and Strodtbeck's cultural orientation

A person's age, rank, and title are taken into account more in a (large/small) power-distance culture.

large

Edward Hall's cultural framework is based upon ______.

the context of the communication pattern

Which of the following were Hofstede's original four cultural dimensions? (Check all that apply.)

power distance

masculinity-femininity

uncertainty avoidance

individualism-collectivism

Which of the following countries have a strong uncertainty avoidance culture? (Check all that apply.)

Japan

South Korea

Greece

People in highly ______ cultures belong to strong, cohesive in-groups that look after them in exchange for loyalty.

collectivistic

Hofstede's ___________-___________ dimension describes the distribution of roles between the sexes.

masculinity; femininity

_____________ ____________ is the extent to which members of a society expect power to be distributed unequally and accept that it is.

power distance

A ______________ mind-set includes an openness to diversity along with an ability to pull ideas together across boundaries created by that diversity.

global

Which of the following are characteristics of small-power-distance cultures? (Check all that apply.)

A consultative style of leadership predominates.

There is equal distance among people.

Informality is the norm.

Cultural are ___________ contradictions in a culture's values.

paradoxes

Hofstede's dimension of _____ describes a society's level of comfort in unstructured situations.

uncertainty avoidance

Which of the following are rules of thumb for doing business across cultures? (Check all that apply.)

Be prepared.

Manners are important.

Slow down.

True or false: Men's roles across cultures differ less than women's roles.

false- women's roles across cultures differ less

Which of the following describe a global mind-set? (Check all that apply.)

It requires the ability to pull ideas together across boundaries created by diversity.

It requires a willingness to deal with complexity.

It requires an openness to diversity.

A person's age, rank, and title are taken into account more in a ___________(large/small) power-distance culture.

large

Which of the following are examples of cultural paradoxes? (Check all that apply.)

Japanese have low tolerance for ambiguity, yet their contracts have ambiguous clauses.

U.S. culture is considered individualistic, yet the United States has the highest rate of charitable giving.

Costa Rica is a high-context culture, yet it prefers automated tellers to real tellers.

Kendrick was surprised when the vendor from a Japan-based company called him and said they were not interested in doing business with Kendrick's U.S. manufacturing facility. The vendor explained that they'd had only had one discussion with Kendrick on the phone, and it was not sufficient to establish a relationship. What rule of thumb did Kendrick fail to consider?

slow down.

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Verified questions

QUESTION

Given the following information, determine the beta coefficient for Stock L that is consistent with equilibrium: $\hat{\mathrm{r}}_{\mathrm{L}}=10.5 \% ; \mathrm{r}_{\mathrm{RF}}=3.5 \% ; \mathrm{r}_{\mathrm{M}}=9.5 \%$.

Verified answer

QUESTION

"You're sick, we're quick," says a slogan announcing a newer healthcare business, the Minute Clinic. Staffed by either a nurse practitioner or physician's assistant, the clinics are located in drugstores and shopping centers. They treat walk-ins with routine problems for minimal cost. The clinics have begun to attract public attention. Some critics, however, call this type of medial care "inappropriate." Write a paragraph explaining what the clinic's business philosophy might be, and express your opinion about the clinic's pros and cons.

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QUESTION

Pelzer Printing Inc. has bonds outstanding with 9 years left to maturity. The bonds have a 9% annual coupon rate and were issued 1 year ago at their par value of $1,000. However, due to changes in interest rates, the bond’s market price has fallen to$910.30. The capital gains yield last year was −8.97%. a. What is the yield to maturity? b. For the coming year, what are the expected current and capital gains yields? c. Will the actual realized yields be equal to the expected yields if interest rates change? If not, how will they differ?

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QUESTION

An oil-drilling company must choose between two mutually exclusive extraction projects, and each costs $12 million. Under Plan A, all the oil would be extracted in 1 year, producing a cash flow at t=1 of$14.4 million. Under Plan B, cash flows would be $2.1 million per year for 20 years. The firm’s WACC is 12%. a. Construct NPV profiles for Plans A and B, identify each project’s IRR, and show the approximate crossover rate. b. Is it logical to assume that the firm would take on all available independent, average-risk projects with returns greater than 12%? If all available projects with returns greater than 12% have been undertaken, does this mean that cash flows from past investments have an opportunity cost of only 12% because all the company can do with these cash flows is to replace money that has a cost of 12%? Does this imply that the WACC is the correct reinvestment rate assumption for a project’s cash flows? Why or why not?

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Which of the following should be kept in mind while analyzing cultural frameworks?

Which of the following should be kept in mind while analyzing cultural frameworks? Analyzing cultural frameworks is only the beginning of understanding the complexity of cultures. One's own culture functions as an implicit reference point for comparison.

Which of the following is an attribute of high context cultures?

Comparing Communication Styles in Low- and High-Context Cultures.

What three elements are included in an anthropologist's definition of culture?

Understand the basic elements of culture: values, beliefs, and norms. Explain the significance of symbols and language to a culture. Describe the Sapir-Whorf hypothesis.

Is the extent to which members of a society expect power to be distributed unequally and accept that it is?

According to Geert Hofstede's Big Idea, power distance is one of the cultural dimensions within a workplace, which indicates the strength of societal social hierarchy—the extent to which the lower ranking individuals of a society accept and expect that power is distributed unequally.