Exam (elaborations)
BUSI 3250 Exam 1 Questions with Latest Update
- Course
- Institution
BUSI 3250 Exam 1 Questions with Latest Update
[Show more]
Content preview
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)
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 lectknancy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81113 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now