If an MNE's Mindset Is That Only Skilled Local Managers

question 5

Multiple Choice

If an MNE's mindset is that only skilled local managers and employees can truly under-stand how to handle the cultural milieu in that local market, this represents a:

• A)Geocentric mindset;
• B)Polycentric mindset;
• C)Ethnocentric mindset;
• D)Concern for effective intercultural communications.

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Definitions:

Probability Of Success

The likelihood of a particular outcome deemed as 'success' occurring in a given trial or experiment.

Coin Toss

A coin toss is a basic experiment in probability theory used to demonstrate randomness, with two possible outcomes: heads or tails.

Poisson Distribution

A probability distribution that measures the likelihood of a given number of events happening in a fixed interval of time or space.

Probability Distribution

A mathematical function that gives the likelihoods of various possible results in an experiment.