Ethnocentric Managers Believe That Their Native Country, Culture, Language, and Behavior

question 19

Multiple Choice

Ethnocentric managers believe that their native country, culture, language, and behavior

• A) are equal to all other cultures.
• B) are hurtful to others.
• C) need to be changed.
• D) make them citizens of the world.
• E) are superior to all others.

Distinguish between economic and accounting profits by understanding the inclusion of implicit costs.

Understand the concept of opportunity cost, especially in regards to capital.

Learn the critical difference between marginal revenue vs. marginal cost, and their importance in computing a firm's total profit.

Analyze the role of explicit and implicit costs in different professional contexts to comprehend their impact on total costs and profits.

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Definitions:

Philippine Identity

The collective sense of identity, characteristics, values, and beliefs shared by people in the Philippines.

Foreign Accent

A distinctive way of speaking a language that is influenced by the native language or dialect of the speaker, making them sound non-native.

Stereotypes

Oversimplified generalized ideas about a group of people that may not accurately reflect reality.

Social Identity

The individual's sense of who they are based on their group membership(s), highlighting the importance of societal groups in defining one's self-concept.