Answer the following statement(s) true (T) or false (F)
1. Cultural diversity has been shown to have both positive and negative effects on work group
effectiveness.
2. The success of globally dispersed teams is likely to be greater when management has fostered an
organizational culture that supports flexibility over control and an external focus over an internal focus.
3. Work groups with high degrees of interpersonal interaction, such as teams, will be more susceptible
to both the process losses and process gains produced by cultural differences among members.
4. Multicultural work groups often take longer to reach their potential than do homogeneous work
groups.
1. true
2. false
3. true
4. true
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As a way of helping American firms trade in the world market, U.S. trade law provides antitrust exemptions for horizontal combinations of American firms engaged solely in export trade. Such firms are permitted to form
a. export trade associations. b. domestic international sales corporations. c. export-import banks. d. commodity sales corporations.
In the American Marketing Association's Statement of Ethics, which ethical value stresses a firm's attempts to balance the needs of its buyers with the interests of sellers?
A. honesty B. responsibility C. fairness D. openness E. citizenship
A small number of states rejected the Gramm-Leach-Bliley Act of 1999 and have formed their own state law
Indicate whether the statement is true or false
Identify a true statement about loss-leader pricing.
A. It captures as much of the market as possible through permanent rock-bottom prices. B. Retailers place a handful of items that are priced temporarily below cost at the back of their store. C. Retailers use a high pricing strategy to send consumers a message about the exclusivity of a product. D. It is applicable on all products sold in a department store.