You Manage Individuals from Many Different Countries and Cultures

question 45

Multiple Choice

You manage individuals from many different countries and cultures. A manager remarks, "Well, they may be from different cultures but within the organization there is only one culture you need to worry about, the organization's culture." How should you respond to this statement?

• A) You should agree with the statement made by the manager.
• B) You should disagree with the statement made by the manager.
• C) There is not enough information to decide.

Recognize the importance and impact of demographic and situational factors in determining insurance rates and coverage.

Understand different types of personal risks and their implications.

Identify and calculate the impact of insurance deductibles on claims.

Recognize what personal property is covered under homeowner's insurance policies.

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Definitions:

Mexico

A country located in the southern portion of North America, known for its rich cultural heritage, diverse landscapes, and vibrant cuisine.

Opportunity Cost

Opportunity cost represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.

Machinery

Refers to machines or automated systems that contribute to the manufacturing or production process.

United States

A country located in North America consisting of 50 states and is known for its large size and diverse population.