Because Cultural Environments Differ Across the World

question 71

Multiple Choice

Because cultural environments differ across the world:

• A) management styles must remain consistent
• B) U.S.corporations have an advantage over firms from other nations
• C) strategies,structures,and management styles that work in one area of the world may be inappropriate in another
• D) the culture must adapt to the goods and services offered by transnational corporations

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Definitions:

Unemployment

A situation where individuals who are able and willing to work cannot find jobs, measured as a percentage of the labor force.

Expansionary Fiscal Policy

Government policy aimed at stimulating economic growth by increasing government spending, reducing taxes, or both.

Contractionary Monetary Policy

A monetary policy strategy used by central banks to reduce inflation and cool an overheating economy by increasing interest rates and reducing the supply of money.

Politicians

Individuals involved in politics, especially those holding or seeking office in government.