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BBB4M UNIT 3 TEST QUESTIONS WITH CORRECT ANSWERS
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BBB4M UNIT 3 TEST QUESTIONS WITH CORRECT ANSWERS
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BBB4M UNIT 3 TEST QUESTIONS WITHCORRECT ANSWERS
What is culture, sub culture and counter culture? - Answer-Culture: Knowledge, beliefs,
attitudes, religion acquired by group of people who have lived in the same country for
generations.
Sub: Group within a larger culture distinguished from it by factors such as class, ethnic
background unified by shared beliefs or religion.
Counter: Culture with values, lifestyle that are opposite to those of current accepted
culture.
4 things a business owner should consider before spending a great deal of time
studying foreign market? - Answer-- extent of foreign operations
- control of foreign operations
- degree of foreign operations
- number of foreign operations
4 main components of business meeting culture - Answer-- non-verbal communication
- business etiquette
- spacial perception
- time perception
3 problems that would bother a monochronic person in a meeting held by a polychronic
culture? - Answer-- frustrated with doing many things at once
- frustration with people being late or not right on time
- would be annoyed with people interrupting
What are Hofstede's 5 cultural dimensions? - Answer-- power distance
- masculinity vs. femininity
- indulgence vs. restraint
- uncertainty avoidance
- orientation
Define market economy - Answer-Free competition where businesses, consumers and
government act independently of one another. People are encouraged to own private
property and all profit belongs to business.
Define centrally planned economy - Answer-The government controls all elements of
the economy such as wages and prices. Competition is limited. North Korea, Cuba
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