BUSI 3250 Exam 1 Study Guide | 100% Correct
Answers | Verified | Latest 2024 Version
What are the 3 P's of sustainability? - ✔✔people, planet, profit
Meeting the needs of the future without compromising the ability of future generation's to meet their
needs - ✔✔Sustainable Development
C.K. Prahalad popularized the term - ✔✔"Bottom of the Pyramid"
What does "Bottom of the Pyramid" refer to? - ✔✔refers to the approximately 3 billion people who
survive on less than $2 per day, where basic survival needs are just barely met. Prahalad suggested that
this large mass of humanity should be viewed as having tremendous market potential with untapped
purchasing power
3 largest regional trade regions are EU (27 member countries), NAFTA, and? - ✔✔ASEAN
How much of the world's exports does ASEAN make up? - ✔✔55%
___________ is what makes us who we are and what we believe - ✔✔Culture
Ethnocentricity - ✔✔The belief that your own culture is superior to other cultures
In what dimension and level (high/low) does consultative leadership dominate, and informality tend to
be the norm? - ✔✔Low, Power Distance (ex. The US)
Hofstede's Cultural Dimension that measures degree to which people in the culture are integrated into
groups - ✔✔Individualism-collectivism
, People in highly individualistic cultures are more... - ✔✔loosely connected and look after themselves and
their immediate family (high, individualism-collectivism dimension)
People in highly collectivistic cultures belong to... - ✔✔strong, cohesive in-groups that look after them in
exchange for loyalty (low, individualism-collectivism)
Remember, the nail that sticks out gets hammered down - - ✔✔- Collectivism
Hofstede's Culture Dimension that is extent to which members of a society expect power to be
distributed unequally and accept it - ✔✔Power Distance
In large-power-distance societies, - ✔✔seniority, age, rank, and title are important; formality is
emphasized (high, power distance; Kia example, the title more important than name on card)
In small-power-distance environments, - ✔✔a consultative style of leadership predominates; informality
tends to be the norm (low power distance; ex. The US)
Hofstede's Culture Dimension that describes a society's level of comfort with uncertainty. -
✔✔Uncertainty avoidance
Strong uncertainty avoidance cultures - ✔✔resist change; they expect clear procedures and preserve the
status quo (high uncertainty avoidance)
Weak uncertainty avoidance culture see conflict as - ✔✔having positive aspects; they expect innovation,
encourage risk taking and reward change (low uncertainty avoidance)
Hofstede's Culture Dimension that describes the distribution of roles between the sexes -
✔✔Masculinity-femininity
Masculinity-femininity - ✔✔Women's roles across cultures vary less than men's; men's values vary
widely. Dimension addresses the gap between men's and women's roles in a culture.
Answers | Verified | Latest 2024 Version
What are the 3 P's of sustainability? - ✔✔people, planet, profit
Meeting the needs of the future without compromising the ability of future generation's to meet their
needs - ✔✔Sustainable Development
C.K. Prahalad popularized the term - ✔✔"Bottom of the Pyramid"
What does "Bottom of the Pyramid" refer to? - ✔✔refers to the approximately 3 billion people who
survive on less than $2 per day, where basic survival needs are just barely met. Prahalad suggested that
this large mass of humanity should be viewed as having tremendous market potential with untapped
purchasing power
3 largest regional trade regions are EU (27 member countries), NAFTA, and? - ✔✔ASEAN
How much of the world's exports does ASEAN make up? - ✔✔55%
___________ is what makes us who we are and what we believe - ✔✔Culture
Ethnocentricity - ✔✔The belief that your own culture is superior to other cultures
In what dimension and level (high/low) does consultative leadership dominate, and informality tend to
be the norm? - ✔✔Low, Power Distance (ex. The US)
Hofstede's Cultural Dimension that measures degree to which people in the culture are integrated into
groups - ✔✔Individualism-collectivism
, People in highly individualistic cultures are more... - ✔✔loosely connected and look after themselves and
their immediate family (high, individualism-collectivism dimension)
People in highly collectivistic cultures belong to... - ✔✔strong, cohesive in-groups that look after them in
exchange for loyalty (low, individualism-collectivism)
Remember, the nail that sticks out gets hammered down - - ✔✔- Collectivism
Hofstede's Culture Dimension that is extent to which members of a society expect power to be
distributed unequally and accept it - ✔✔Power Distance
In large-power-distance societies, - ✔✔seniority, age, rank, and title are important; formality is
emphasized (high, power distance; Kia example, the title more important than name on card)
In small-power-distance environments, - ✔✔a consultative style of leadership predominates; informality
tends to be the norm (low power distance; ex. The US)
Hofstede's Culture Dimension that describes a society's level of comfort with uncertainty. -
✔✔Uncertainty avoidance
Strong uncertainty avoidance cultures - ✔✔resist change; they expect clear procedures and preserve the
status quo (high uncertainty avoidance)
Weak uncertainty avoidance culture see conflict as - ✔✔having positive aspects; they expect innovation,
encourage risk taking and reward change (low uncertainty avoidance)
Hofstede's Culture Dimension that describes the distribution of roles between the sexes -
✔✔Masculinity-femininity
Masculinity-femininity - ✔✔Women's roles across cultures vary less than men's; men's values vary
widely. Dimension addresses the gap between men's and women's roles in a culture.
