Exam (elaborations)
BUSI 3250 Exam 1 questions with correct answers
- Course
- Institution
BUSI 3250 Exam 1 questions with correct answers
[Show more]
Content preview
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)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BravelRadon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72841 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now