______ Organizations Tend to Believe That Their Values and Culture

question 68

Multiple Choice

______ organizations tend to believe that their values and culture are superior to others and choose to staff international facilities with home-country managers.

• A) Ethnocentric
• B) Geocentric
• C) Polycentric
• D) Expatriate

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Definitions:

Diminishing Marginal Returns

A principle stating that as one adds more of a variable input to a fixed input, after a certain point, the additional output generated begins to decrease.

Personal Satisfaction

Personal satisfaction is the measure of contentment or happiness that an individual derives from an activity, situation, or overall life experience.

Work Efficiently

The performance of tasks in a manner that maximizes productivity while minimizing waste of time and resources.

Average Total Cost Curve

A graphical representation showing how the total cost of producing different quantities of a good divides by the quantity of goods produced, indicating the average cost per unit.