The Overseas Assignment (Scenario)

question 103

Multiple Choice

The Overseas Assignment (Scenario)
Khalil has a degree in business administration and has worked for a major corporation for 5 years. He is offered a chance to work in another country.
-Through talking to executives in the international division, Khalil realizes that his home country has the highest individualism, low power distance and uncertainty avoidance, and a strong achievement orientation. He probably lives in__________ .

• A) Saudi Arabia
• B) the United States
• C) the UK
• D) Japan

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Definitions:

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute one good for another.

Income Effect

The change in consumers' purchasing power and consequently the quantity demanded of a good or service, prompted by a change in real income.

Opportunity Cost

Missing the chance to profit from several alternative options by deciding on one.

Hourly Wage Rate

The amount of money paid for each hour of work, commonly used to compensate employees in many occupations.