Exam 3: The Cultural Environment of International Business

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Businesses based in societies characterized by high uncertainty avoidance encourage managers to take risks and make quick decisions.

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________ are letters, figures, colors, or other characters that communicate a meaning.

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In a deal-oriented culture, managers ________.

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Ethnocentric orientation refers to a host-country mind-set in which the manager develops a strong affinity with the country in which she or he conducts business.

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In cross-border business, successful managers ________.

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In a short essay, explain how a "pay-for-performance system" and "lifetime employment" complicate company activities. Explain how these two cross-cultural differences reflect Hofstede's long-term versus short-term orientation.

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Polycentric orientation refers to ________.

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Which of the following is TRUE about language?

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Japan and China are examples of low-context cultures.

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In polychronic cultures, ________.

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In a short essay, explain why international business managers should engage in critical incident analysis to avoid the self-reference criterion. Describe why an examination of values and attitudes toward culture is important in this analysis.

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Which of the following situations illustrate a polychronic perspective?

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Subjective Dimensions of Culture (Scenario) In the last two years, the sales of consumer electronics in China have risen by 9.4 percent. Moreover, the market is becoming increasingly competitive since a large number of Japanese, European, and American manufacturers are building factories to face the competition from low-cost Chinese manufacturers. Grande Co. is a U.S.-based consumer electronics manufacturer that has been negotiating with Chinese authorities for eight years to open a factory in the country. Since Grande has spent significant time and energy on negotiation in the past eight years, they should quit and set up a factory in a more responsive society. -Which of the following can be inferred from the above passage?

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Cross-cultural proficiency is characterized by four key personality traits: tolerance for ambiguity, perceptiveness, valuing personal relationships, and flexibility and adaptability.

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Discuss the economic and business implications of religion.

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In a short essay, describe some of the subtleties of language. Provide examples that relate to international business situations.

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In a short essay, discuss the three cultures into which employees are socialized: national culture, professional culture, and corporate culture.

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Which of the following countries is an example of a strongly collectivist society?

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Cultural differences necessitate adapting marketing activities to suit the specific needs of target markets.

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In the advanced economies, firms that engage in services such as lodging and retailing account for a much lesser share of FDI than firms that manufacture products.

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