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BUSI 3250 Exam 1 Questions with Latest Update
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BUSI 3250 Exam 1 Questions with Latest Update
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BUSI 3250 Exam 1 Questions with LatestUpdate
What are the 3 P's of sustainability? - Answer-people, planet, profit
Meeting the needs of the future without compromising the ability of future generation's
to meet their needs - Answer-Sustainable Development
C.K. Prahalad popularized the term - Answer-"Bottom of the Pyramid"
What does "Bottom of the Pyramid" refer to? - 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? - Answer-
ASEAN
How much of the world's exports does ASEAN make up? - Answer-55%
___________ is what makes us who we are and what we believe - Answer-Culture
Ethnocentricity - 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? - Answer-Low, Power Distance (ex. The US)
Hofstede's Cultural Dimension that measures degree to which people in the culture are
integrated into groups - Answer-Individualism-collectivism
People in highly individualistic cultures are more... - Answer-loosely connected and look
after themselves and their immediate family (high, individualism-collectivism dimension)
People in highly collectivistic cultures belong to... - 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 - - Answer-- Collectivism
Hofstede's Culture Dimension that is extent to which members of a society expect
power to be distributed unequally and accept it - Answer-Power Distance
In large-power-distance societies, - 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, - 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. - Answer-Uncertainty avoidance
Strong uncertainty avoidance cultures - Answer-resist change; they expect clear
procedures and preserve the status quo (high uncertainty avoidance)
Weak uncertainty avoidance culture see conflict as - 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
- Answer-Masculinity-femininity
Masculinity-femininity - 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, - Answer-quality of work life is important (low
masculinity/femininity)
in masculine cultures, - Answer-economic growth is central and business performance
is primary goal (more assertive, high masculinity/femininity)
Hofstede's Cultural Dimension that describes a culture's tendency either to allow
relatively free gratification of human desires or suppress human drives though strict
social norms - Answer-Indulgence versus restraint
In indulgent cultures, - Answer-people believe they have personal control over their lives
(high indulgence)
In restraining cultures, - Answer-much more energy is dedicated to establishing order
and structure, and individuals are not "indulged." (low restraining)
Typically, one might think that indulgent correlates with individualism and restraining
with collectivism - Answer-Typically, one might think that indulgent correlates with
individualism and restraining with collectivism
Hofstede's Cultural Dimensions were identified to? - Answer-help managers understand
how cultural differences affect organizations and management methods
(concerned primarily with work values)
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