In the Context of Managing Cultural Differences, Once You Have

question 47

Multiple Choice

In the context of managing cultural differences, once you have recognized cultural differences, the next step is to:

• A) solicit uncommon information by changing the way meetings are run in order to incorporate different cultural styles.
• B) develop a shared vision and a common understanding to bridge the cultural divide between you and others.
• C) change and adapt your own views of the world to better appreciate the elements of another culture.
• D) select the cultural dimensions to be examined and assess their impact on the specific business that you are attempting.

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Definitions:

Investment

The act of allocating resources, usually money, with the expectation of generating an income or profit.

MPC

Marginal Propensity to Consume, the fraction of additional income that is spent on consumption.

Multiplier

In economics, it refers to the factor by which gains in total output are greater than the change in spending that caused it, often associated with fiscal and monetary policy impacts.

MPC

The marginal propensity to consume, which represents the proportion of an increase in income that gets spent on consumption.