Understanding China's Business Environment

What is the main reason for China's impressive overall GDP despite its lower GDP per capita?

• Strong military power

• High technological advancements

• Large population

• Extensive natural resources

Which of the following best describes China's score in the power distance dimension of Hofstede's framework?

• Low acceptance of inequality

• High acceptance of inequality

• Focus on individual achievements

• Preference for short-term goals

In Hofstede's cultural dimensions, what does a low score in individualism indicate about Chinese culture?

• Focus on group interests

• Preference for individual achievements

• High level of uncertainty avoidance

• Emphasis on gender equality

What is a characteristic of a masculine society according to Hofstede's framework, as seen in China?

• Emphasis on leisure time

• Focus on nurturing and care

• Success-oriented and driven

• High uncertainty avoidance

How does China score in the indulgence dimension of Hofstede's framework?

• Low indulgence

• Moderate indulgence

• High indulgence

• No indulgence

What is 'guanxi' in the context of Chinese organizational culture?

• A form of business etiquette

• A hierarchical management style

• A type of political connection

• A network of relationships and trust

Why are political ties important for firms in China?

• They ensure high employee satisfaction

• They help in obtaining regulatory resources

• They provide access to international markets

• They reduce production costs

In Chinese business meetings, what is the significance of applauding when introduced?

• It marks the end of a meeting

• It is a sign of confusion

• It indicates disagreement

• It shows approval and greeting

What should you avoid discussing in initial meetings with Chinese business partners?

• Weather and food

• Company history

• Political beliefs

• Economic development

How should business cards be presented in China?

• By tossing them on the table

• By handing them out like playing cards

• With both hands or the right hand

• With the left hand