Which of the Following Statements About Culture Is Most Likely

question 40

Multiple Choice

Which of the following statements about culture is most likely FALSE?

• A)Indirect communication is preferred in Africa.
• B)Harmony is highly valued in Asian countries.
• C)Gift giving is considered unethical in China.
• D)Americans value promptness for business meetings.
• E)Tactfulness is important when doing business in Arab countries.

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Definitions:

Marginal Revenue

The additional revenue that a firm earns by selling one more unit of a good or service.

Perfectly Elastic

A situation in economics where the quantity demanded or supplied changes infinitely with any change in price.

Perfect Mobility

An economic condition where factors of production such as labor and capital can be easily moved across industries or geographies without costs or barriers.

Perfect Knowledge

A hypothetical situation in which all parties in the market have complete and absolute information about the market conditions and variables.