The Approach a Company Takes When It Bases Foreign Operations

question 35

Multiple Choice

The approach a company takes when it bases foreign operations on an informed knowledge of its organizational culture along with home- and host-country needs, capabilities, and constraints is called ________.

• A)polycentrism
• B)ethnocentrism
• C)neocentrism
• D)geocentrism

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Definitions:

Utilitarian Ethic

A moral philosophy that evaluates the ethical worth of an action based on its consequences, specifically aiming to maximize overall happiness and minimize suffering.

General Welfare

A concept referring to the health, happiness, and fortunes of a person or group.

Consequentialism Critics

Those who critique consequentialism, a moral theory that judges the rightness or wrongness of an action based on its outcomes.

Notion That People

An idea or understanding that recognizes specific attributes, behaviors, or characteristics of individuals or groups.