Discuss cultural factors that may have an impact on international business
Students should cover all or most of the 7 factors called the LESCANT factors. These are language, environment and technology, social organization, contexting, authority, nonverbal behavior, and time concept.
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If a manager considers one employee at a time and circles a number/word on a continuum to signify the degree to which that employee meets a criterion, he/she is likely to be using a(n):
A. mixed standard scale. B. MBO scale. C. critical incidents scale. D. graphic rating scale. E. behavioral initialization scale.
Rebranding is sometimes necessary when the brand association becomes negative.
a. True b. False
In the context of the legal and ethical dimensions of business conduct,it is legal and ethical to:
A. lead by example. B. practice collusion with competitors. C. provide rock-bottom pricesonlyto distributors in underserved areas. D. collaborate with other medical clinics to guarantee low prices in low-income counties.
Short-term debt has a greater risk of illiquidity than long-term debt because it must be rolled over
more frequently and its use creates more uncertainty concerning future interest rates. Indicate whether the statement is true or false