Managers Who Strive to Show Respect for Institutional Context

question 42

Multiple Choice

Managers who strive to show respect for institutional context:

• A)​Can ignore codes of conduct when outside the culture where they apply.
• B)​Can work to find guidelines that accommodate cultural differences.
• C) ​Cannot accept gifts from business associates.
• D) ​Cannot make exceptions to codes of conduct that ban bribery.

---

Definitions:

LDCs

Stands for Least Developed Countries, which are countries that the United Nations has identified as showing the lowest indicators of socioeconomic development.

Economic Growth

Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time.

Health Care Costs

The expenses associated with medical services, treatments, and drugs required to maintain an individual's health.

Productivity Growth

An increase in the efficiency of production processes, leading to a higher output of goods and services for the same input of labor and capital.