International Business Ch.4

Which of the following observations is correct?

The economic principles of Islam prohibits the payment or receipt of interest

The ____ is a research project spanning more than 100 countries that explores people's values and norms, how they change overtime, and what impact they have in society and business

World Values Survey

A condition where people tend to perceive themselves in terms of their class background and this shapes their relationship with members of other classes is known as

class consciousness

A major difference between Buddhism and Hinduism is that unlike Hinduism, Buddhism

does not support the caste system

An antagonistic relationship between management and labor classes may result in lower costs of production

false

Because of its individualistic mindset, Japanese culture is more supportive of entrepreneurial activities than American culture.

false

Hofstede's concept of power distance focused on the extent to which different cultures socialized their members into tolerating uncertainty

false

Hofstede's study found that in masculine cultures, sex roles were less sharply distinguished, and little differentiation was made between men and women in the same job.

false

The term social strata refers to the extent which individuals can move out of the strata into which they were born

false

The ______ refers to the extent to which a culture programs its citizens to accept delayed gratification of their material, social, and emotional needs

long-term verses short term orientation dimension

According to Geert Hofstede's study, which of the following cultural dimensions would be characterized by a greater readiness to take risks and less emotional resistance to change?

low uncertainty avoidance

Hofstede's masculinity versus femininity dimension looked at the relationship between gender and work roles and found that in

masculine cultures, sex roles were sharply differentiated, traditional "masculine values" determined cultural ideals

Culture is

not static

Religion may be defined as

shared beliefs and rituals that are concerned with the realm of the sacred

______ are typically defined on the basis of characteristics such as family background, occupation, and income

social strata

People who share a common set of values and norms form a

society

Individualism versus collectivism dimension of Hofstede's study explored

the relationship between the individual and his or her fellows

A caste system is a closed system of stratification in which social position is determined by the family into which the person is born

true

Education plays an important role, from an international business prospective, as a determinant of national competitive advantage

true

International businesses that are ill-informed about the practices of another culture are likely to fail

true

Max Weber believed that Protestantism encouraged capitalism's development by emphasizing the importance of wealth creation and frugality

true

Hofstede's _____ dimension measured the extent to which different cultures socialized their members into accepting and tolerating ambiguity.

uncertainty avoidance

What is ethnocentrism?

Belief in the superiority of one's own culture

_____ include such factors as indictments against theft, adultery, incest, and canniballism

Mores

Which of the following statements is true about the murabaha contract?

The murabaha contract is widely used among the world's Islamic banks because it is the easiest to implement