People from Other Nations Sometimes Comment on the Ethnocentric Attitudes

question 134

Multiple Choice

People from other nations sometimes comment on the ethnocentric attitudes of U.S. businesspeople. This indicates that American businesspeople

• A) follow the philosophy of "when in Rome, do as the Romans."
• B) quickly accept the suggestions and ideas of others.
• C) believe that American culture is superior to all others.
• D) celebrate the many ethnic groups that make up American life.

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Definitions:

Diminishing Returns

A principle stating that if one factor of production is increased while others remain constant, the overall returns will eventually decrease after a certain point.

Marginal Resource Cost

The additional cost incurred by employing one more unit of a resource.

Total Resource Cost

The total costs incurred for the production of goods and services, including all raw materials, labor, and overhead.

Resource

An asset or input used to produce goods and services, including time, money, labor, and natural resources.