The Type of Corporation Where the Prevailing Attitude Is That

question 39

Multiple Choice

The type of corporation where the prevailing attitude is that the home country attitudes, management style, knowledge, evaluation criteria, and managers are superior to anything the host country may have to offer is known as a(n)

• A)ethnocentric organization.
• B)geocentric organization.
• C)homocentric business.
• D)polycentric business.
• E)multicentric corporation.

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Definitions:

Typical Firm

A representative entity in an industry or market that reflects the common attributes of businesses within that context.

Short Run

A period in economics where at least one input is fixed, meaning that firms can adjust production levels but not capacity.

Long-Run Average-Total-Cost Curve

A curve that shows the lowest cost at which a firm is able to produce a given level of output in the long run, when all inputs can be varied.

Workers

Individuals engaged in a task or activity, especially in the context of employment, to earn wages or salary.