Financial Planning Unit 5 Ex Practice Study Guide

The most common form of corruption affecting international trade is

bribery

Levels of inflation and unemployment are factors that affect __________ in the world market.

competition

In some cultures, creating relationships during business negotiations is key; in other cultures, negotiators want a signed contract. This illustrates cultural differences in negotiating

goals

The French-Canadian culture relies heavily on nonverbal communication to get messages across. This means it is a(n)

high-context culture.

Sonja works at a company with a very relaxed atmosphere among all the employees. This atmosphere is part of the company's

organizational culture.

Kyle is part of a group of employees who are close friends and like to spend their lunch hours together, eating or playing cards. This group is considered a(n)

subculture.

According to Hofstede's dimensions of national cultures, a certain country has a high comfort level with insecurity and avoids having too many rules. This country would have a low score in

uncertainty avoidance.

How does a bull market affect a stock's price?

By encouraging product purchases

Which of the following examples best demonstrates the cultural dimension of indulgence v. restraint

Companies from certain cultures make time for fun.

George thinks his culture is superior to all other cultures. This is known as

Ethnocentrism

A country that values qualities such as assertiveness and status is known as a(n)

"masculine" society.

Which of the following is an action a business might take to address the issue of religion in another culture:

Paying attention to holidays when scheduling meetings

Which of the following is the most likely policy that a government would follow to avoid a trade deficit:

Protectionism

Which of the following are methods that countries use to control their trade with other nations:

Quotas, tariffs, and subsidies

In Hofstede's dimensions of national cultures, a country's acceptance of inequality is measured by its score in

individualism v. collectivism.

A society in which group ties are very loose is known as a(n)

individualist society.

A society that focuses on future rewards and values actions such as persistence is known as a(n)

long-term oriented society.