Ethical imperialism follows the advice ‘When in Rome do as the Romans do’. Select one:
True
False
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Which statement about the Internationalization process model, also known as Uppsala model, is correct?
Select one:
a. The model suggests Companies have to go through certain specified stages when developing their international business operations
b. Commitments to higher degrees of involvement in a foreign market depend on the knowledge acquired by the firm up to that time
c. The model was inspired by a study of USA companies expanding first to Canada, and then to countries further afield
d. The model mainly applies to mature multinational enterprises
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What is not a characteristic of a market economy?
Select one:
a. Buyers and sellers meeting in a market
b. Prices react to changes in supply and demand
c. Businesses planning production to supply the market in the future
d. Business producing according to an economy-wide central plan
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_________ are used to ensure that supplies operate to the ethical standards set by a company.
Select one:
a. ‘standards of engagement’
b. ‘codes of conduct’
c. ‘codes of ethics’
d. All the three terms are used, they have roughly the same meaning.
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Which of the following is indicates high power distance?
Select one:
a. Colleagues addressing each other by first name
b. A comprehensive welfare state
c. The lack of a first class compartments in trains
d. None of the above
6.In high context cultures, it is not necessary to know much about the context to understand what people are saying.
Select one:
True
False
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It is important to grasp identity-formation and construction