Meredith is a seasoned American manager, currently working in Brazil. She has noticed that some of her management techniques work well in her overseas position, but sometimes she finds it more effective to defer to the practices of her Brazilian counterparts. Meredith can be described as a(n) ______ manager.
A. parochial
B. ethnocentric
C. expatriate
D. polycentric
E. geocentric
E. geocentric
Geocentric managers accept that there are differences and similarities between home and foreign personnel and practices and that they should use whatever techniques are most effective.
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The board of directors of Meckes Corporation, at a regular meeting of the board, entered into a contract with Peter, one of the directors. The agreement called for the sale of a retail store the corporation operated to Peter. There were 12 board members, 10 of whom were present at the meeting. Nine directors, including Peter, voted in favor of the contract and one voted against it. In view of these facts, which of the following is correct?
A. The contract between Peter and the corporation is illegal. B. If the contract is unfair to the corporation, it is voidable at the option of the corporation. C. The contract is valid because Peter's vote was not necessary for approval of the contract. D. A director cannot enter into a contract with a corporation of which he is a director.
Both activity-based management (ABM) and just-in-time (JIT) seek to eliminate or reduce nonvalue-adding activities and to improve the allocation of resources
Indicate whether the statement is true or false
Ethical decisions cannot be made on economic grounds.
Answer the following statement true (T) or false (F)