Which of the Following Terms Refers to the Belief That

question 24

Multiple Choice

Which of the following terms refers to the belief that home country attitudes, management style, knowledge, evaluation criteria, and managers are superior to anything the host country has to offer?

• A)polycentric
• B)ethnocentric
• C)geocentric
• D)monocentric

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Definitions:

Total Expenditures

The sum of all spending or expenses incurred by an individual, household, or organization.

Perfectly Inelastic

describes a situation where the demand for a product does not change in response to changes in its price.

Unitary

Describes a system of government where there is no division of powers between regional governments and a central government, or a singular entity in a given context.

Elasticity of Supply

A measure of how the quantity supplied of a good responds to a change in the price of that good, defined as the percentage change in quantity supplied divided by the percentage change in price.