International Business Quiz 2

Fundamentalist movements, separatist movements, and continuing ethnic strains are reactions against cultural convergence that affect international business.

True

Which of the following is not a response to the Islam prohibition against the payment or receipt of interest?

U.S. banks are effectively closed out of Islamic markets.

Culture and national competitive advantage are closely related. An important implication for international business is that:

Value systems affect the costs of doing business

Education can be a determinant of national competitive advantage because:

a pool of skilled and educated workers often leads to economic success.

In the workplace, culture:

helps explain differences in how work is organized and how workers relate to management.

With regard to globalization, it has been argued that advances in transportation and communication technologies, the dramatic increase in trade, and the rise of global corporations have resulted in a slow but steady blending of different cultures into some universally accepted values and norms. This is known as the ___________________.

Convergence hypothesis

______________________ is an understanding of how cultural differences across and within nations can affect the way business is practiced.

Cross-cultural literacy

_____ can be defined as a system of values and norms that are shared among a group of people and that when taken together constitute a design for living.

Culture

When a manager believes that his own ethnic group or culture is superior to those of others, the manager is demonstrating a(n) __________ attitude.

Ethnocentric

All societies are stratified on a religious basis into social categories.

False

Critics of the work of Geert Hofstede and his work on culture in the workplace have been proven correct, and the work is becoming irrelevant in the 21st century.

False

Folkways are norms that are seen as central to the functioning of a society and to its social life.

False

All of the following are determinants of culture except:

Geography

The concept of reciprocal obligations is the basis for the Chinese business concept of:

Guanxiwang

Demonstrating the implications that religion can have on business, _____ made the connection between Protestant ethics and the spirit of capitalism.

Max Weber

All societies are stratified on a hierarchical basis into _________________, which are typically defined by characteristics such as family background, occupation, and income.

Social Strata

What is the term that refers to the extent to which individuals can move out of the social categories into which they were born?

Social mobility

One of the harmful effects of the emphasis on individual performance in many Western societies and the United States is:

The high degree of managerial mobility