Which of the Following Three Approaches to Managing Cultural Diversity

question 40

Multiple Choice

Which of the following three approaches to managing cultural diversity is correctly matched with how frequently the approach is used?

• A) Parochial: very frequently
• B) Parochial: comparatively rare
• C) Ethnocentric: very frequently
• D) Ethnocentric: comparatively rare

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Definitions:

Price

The value that must be exchanged to obtain a good or service.

Quantity

Quantity refers to the amount or number of a material or immaterial good or service.

Marginal Cost

The price of manufacturing one additional product or service unit.

Marginal Revenue

The increase in income from the sale of one extra unit of a good or service.