CHAPTER 3_INTERNATIONAL BUSINESS

Abstract ideas about what a group believes to be good, right, and desirable are called______.

• norms

• values

• folkways

The group is the primary unit of social organization in_______.

• Japan

• U.S

• Mexico

• Switzerland

The basic social organization of a society is its______________.

• culture

• social strata

• social structure

• caste system

Which of the following is not characteristic of

individualism?

• individual achievement

• low managerial mobility

• low company loyalty

• entrepreneurial behavior

Which religion promotes the notion that a

moral force in society requires the acceptance

of certain responsibilities called dharma?

• Islam

• Buddhism

• Hinduism

• Confucianism

_______ focuses on how society deals with the

fact that people are unequal in physical and

intellectual capabilities.

• power distance

• individualism vs collectivism

• uncertainty avoidance

• masculinity vs femininity

Why is it crucial for managers to develop cross-cultural literacy when operating in international markets?

• To enhance product development

• To better understand and respect the cultural practices of other countries, increasing the likelihood of success

• To promote ethnocentric behavior

• To standardize business practices globally

How can a connection between culture and national competitive advantage influence a company's global strategy?

• It encourages businesses to avoid international expansion.

• It limits the need for cross-cultural literacy.

• It helps managers identify which countries are likely to produce the most viable competitors in the global market.

• It suggests that a company's home culture is superior.

What implications does the connection between culture and national competitive advantage have for decisions regarding production facilities?

• It guides managers in choosing the countries where production facilities should be located for maximum efficiency

• It requires that all production facilities be centralized in the company's home country.

• It suggests avoiding production in culturally diverse regions.

• It has no significant impact on such decisions.

Confucianism emphasizes the importance of achieving personal and social harmony in the afterlife through right action.

• TRUE

• FALSE