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BUSI 3250 Exam 1What 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 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
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)
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