International Business and Money Summary (all-inclusive) [Level A+] Questions and Answers

Ethnocentric Orientation - -using our own culture to judge other cultures (increase cross cultural risk) -Polycentric Orientation - -host-country mind-set in which manager develops strong affinity with country they're conducting business with -Geocentric Orientation - -deliberate effort to develop social behavior skills with members of other cultures -What culture is not... (3) - -1. right or wrong 2. about individual behavior 3. inherited (it's derived from social environment) -Socialization - -process of learning the rules and behavioral patterns appropriate to ones given society -Acculturation - -process of adjusting and adapting to a culture other than your own -3 Types of Culture - -1. National 2. Professional 3. Corporate -Cultural Metaphor - -distinctive tradition or institution strongly associated with particular society -Stereotypes - -generalizations about a group of people that may or may not be factual -Idioms - -expression whose symbolic meaning is different from its literal meaning... "The nail that sticks out gets hammered down" -Low-context Culture - -relies on elaborate verbal explanations, putting e