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SCENARIO 7-5
Your work group is diverse.Your supervisor is Japanese and several of your co-workers are from Latin America.You are aware that certain communication problems may exist because several cultures are represented.
You should emphasize description rather than interpretation or evaluation.
Prosperity Phase
A period in the business cycle characterized by economic growth, high employment, and rising incomes.
Three-Phase Cycle
A conceptual model describing the three stages of economic cycles: expansion, peak, and recession.
OPEC
The Organization of the Petroleum Exporting Countries, an intergovernmental organization of oil-exporting countries that coordinates and unifies petroleum policies among Member Countries.
Quadrupled
To increase or be increased fourfold.
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