_____ Can Be a Difficult Problem for Many International Managers

question 60

Multiple Choice

_____ can be a difficult problem for many international managers, who often come from advanced economies and believe that their state-of-the-art knowledge is more than adequate to handle the challenges of doing business in less developed countries.

• A)Nationalism
• B)Ethnocentrism
• C)Parochialism
• D)Symbolism

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Definitions:

Extremely Hazardous Activities

Activities that pose significant risk of causing substantial harm, often requiring stricter liability standards in tort law.

Justifiable Expectations

Legitimate anticipations or assumptions made by a party in a contract, protected by law.

Revocation of Authority

The act of canceling or withdrawing the power or rights previously granted to an agent or representative.

Negligent Hiring

A legal claim made against an employer for hiring an individual they either knew or should have known was likely to pose a risk of harm to others, based on their background or qualifications.