IBUS Ch 4 Quiz

The value systems and norms of a country have little influence on the costs of doing business in that country.

False

Which scenario exemplifies a folkway?

Nellie's family makes a point to sit down to dinner together every night.

A typical American value is an expectation that people have a right to live the way they want. Values are defined as

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

What is the most widely practiced religion in the world?

Christianity

Geert Hofstede added the dimension of indulgence to the World Values Survey to refer to

a society that allows relatively free gratification of basic and natural human drives related to enjoying life and having fun.

It has been argued that the success of Japanese enterprises in the global economy has been based partly on the

cooperation between a company and its suppliers on issues such as design, quality control, and inventory reduction.

What term refers to a set of moral principles, or values, that are used to guide and shape behavior?

ethical system

The belief in the superiority of one's own culture is known as

ethnocentrism

What disadvantage is a result of a high degree of managerial mobility between companies?

lack of loyalty and commitment to an individual company

The social rules and guidelines that prescribe appropriate behavior in a particular situation are called

norms.

Which aspect of Protestantism paved the way for the subsequent emphasis on individual economic and political freedoms?

the emphasis on individual religious freedom

Albert is an entrepreneur living in a high uncertainty avoidance culture. As such, he will be more willing to take risks and make changes.

False

People who violate folkways are considered to be evil or bad.

False

Namrata's ancestors grew up in India and were a poor family of farmers. Based on what you know about the caste system, which statement would be accurate about Namrata's ancestors?

Her ancestors would not have been able to move out of the class of poor working farmers.

A mudarabah contract of Islamic banks is similar to a profit-sharing scheme.

True

Hofstede's power distance dimension focused on how a society deals with the fact that people are unequal in physical and intellectual capabilities.

True

Most of the world's ethical systems are the product of religions.

True

One of the biggest dangers confronting a company that goes abroad for the first time is the danger of being ill-informed.

True

According to the findings of the World Values Survey,

as countries get richer, there seems to be a shift from traditional values to "secular-rational" values.

Hofstede's masculinity versus femininity dimension examined

the relationship between gender and work roles