Identify and describe Hofstede’s five dimensions of national culture.
What will be an ideal response?
Power distance--deference to authority (e.g., the United States is low, China is
high). Collectivism–individualism--group orientation (e.g., the United States is low,
Russia is high). Uncertainty avoidance--risk aversion (e.g., the United States is low,
France is high). Relationship orientation (masculinity–femininity)--a focus on people
over material things (e.g., the United States is low and the Netherlands is high on
femininity/relationship orientation). Confucian dynamism (long-term orientation)--a focus
on the future rather than the past and present (e.g., the United States is low, Japan is
high).
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A free alphabetical listing is provided to all advertisers in _____
a. shoppers b. the Yellow Pages c. flyers/circulars d. the White Pages
Chadwick Ski Lodge Chadwick Ski Lodge decides how many housekeepers it needs to hire based on expected hotel occupancy. The following shows the budgeted housekeeping costs per month at various occupancies: Number of occupied rooms Housekeeping costs 0 - 25 $11,500 26 - 40 23,000 41 - 55 34,500 Refer to the information provided for Chadwick Ski Lodge. The number of occupied rooms during the month
of January is expected to be between 41 and 55 at all times. For the month of January, what type of cost does housekeeping effectively become? A) Fixed B) Variable C) Step D) Mixed
Which of the following is true of the enforcement of the Clayton Act of 1914?
A) When the Clayton Act was enacted, it provided criminal punishment for violators. B) The Clayton Act does not allow individuals to obtain injunctions. C) The Justice Department, the Federal Trade Commission, and private individuals and corporations can all enforce Section 7 of the Clayton Act. D) If a business is found guilty of violating the Sherman Act, this finding cannot be used as evidence of a violation when a party sues for damages under the Clayton Act.
Lane Co instructs its bank, Second Street Bank, to pay $200,000 to Moffett, Inc, also a customer of Second Street Bank. The bank executes the payment order by crediting Moffett's account with the $200,000 and notifying Moffett that the credit was made and is available. In this case:
a. Lane Co. is the originator; Second Street Bank is both the sender and the intermediary. b. Lane Co. is both the originator and the sender, and Moffett, Inc. is the beneficiary. c. the transaction is governed by the EFTA. d. Lane Co.'s payment order had to be communicated either electronically or in writing.