QUESTIONS AND CORRECT SOLUTIONS| PASS
WITH THE BEST GRADES.
Hofstede's Cultural Dimension that measures degree to which people in the culture
are integrated into groups - Correct Answer-Individualism-collectivism
People in highly individualistic cultures are more... - Correct Answer-loosely
connected and look after themselves and their immediate family (high,
individualism-collectivism dimension)
People in highly collectivistic cultures belong to... - Correct Answer-strong,
cohesive in-groups that look after them in exchange for loyalty (low,
individualism-collectivism)
Remember, the nail that sticks out gets hammered down - - Correct Answer--
Collectivism
How many modes of supply are there? - Correct Answer-4
How much of the world's oil passes through the Strait of Hormuz? - Correct
Answer-20%
What are the 3 P's of sustainability? - Correct Answer-people, planet, profit
Meeting the needs of the future without compromising the ability of future
generation's to meet their needs - Correct Answer-Sustainable Development
,C.K. Prahalad popularized the term - Correct Answer-"Bottom of the Pyramid"
What does "Bottom of the Pyramid" refer to? - Correct Answer-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? -
Correct Answer-ASEAN
How much of the world's exports does ASEAN make up? - Correct Answer-55%
___________ is what makes us who we are and what we believe - Correct Answer-
Culture
Ethnocentricity - Correct Answer-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? - Correct Answer-Low, Power Distance (ex. The
US)
Hofstede's Culture Dimension that is extent to which members of a society expect
power to be distributed unequally and accept it - Correct Answer-Power Distance
, In large-power-distance societies, - Correct Answer-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, - Correct Answer-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. - Correct Answer-Uncertainty avoidance
Strong uncertainty avoidance cultures - Correct Answer-resist change; they expect
clear procedures and preserve the status quo (high uncertainty avoidance)
Weak uncertainty avoidance culture see conflict as - Correct Answer-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 - Correct Answer-Masculinity-femininity
Masculinity-femininity - Correct Answer-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.
In feminine cultures, - Correct Answer-quality of work life is important (low
masculinity/femininity)
in masculine cultures, - Correct Answer-economic growth is central and business
performance is primary goal (more assertive, high masculinity/femininity)