When Conducting International Business with People in Asia or Latin

question 95

Multiple Choice

When conducting international business with people in Asia or Latin America, plan to

• A) make decisions immediately and avoid wasting time.
• B) arrive promptly because tardiness indicates a lack of respect.
• C) engage in small talk and socialize before discussing business.
• D) look directly at your associates as a sign of respect.
• E) get your message across quickly using slang and jargon.

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Definitions:

Market Wage Rate

The average or prevailing wage paid to workers in a specific market or industry.

Out-of-town Travel

Journeys made to destinations outside one's usual residence or place of work, often implying leisure or business travel that takes place away from the local area.

Work Hours

The specific times or period during which an employee is expected to carry out their job duties.

Tournament Pay

A compensation structure where rewards are based on relative performance, often used to incentivize individual effort in competitive environments.