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MNC SCENARIO: Mr

question 83

Multiple Choice

MNC SCENARIO: Mr. Adam Smith works as a senior executive for Corebiz Corp., a multinational company with subsidiaries in many Asian countries. The firm believes in a marketing strategy that strongly resonates the essence of the local culture in its implementation. The company relocates Mr. Smith to Beijing to handle their operations in China. A few months into his stay, Mr. Smith begins to learn the ways of life and appropriate behavior in China. When Mr. Smith was invited for tea by his colleagues, he observed people around him and learned the right way to tap his finger and fold a napkin. He also learned that the Chinese revere their elders and treat them with respect. Even when there is no kinship involved, an older person should never be addressed with his/her name. Any show of disrespect, especially “name calling,” is shunned upon by society; and the person found doing so, risks being ridiculed by everyone. Though these learnings can sometimes be inconvenient for Mr. Smith owing to the vast cultural difference between the United States and China, Mr. Smith thinks that it is worth all the trouble.
-Refer to MNC Scenario.Even though Corebiz Corp.is a multinational company,it believes in a marketing strategy that strongly resonates the essence of the local culture in its implementation.This is an example of _____.

Definitions:

SUTA Taxes

State Unemployment Tax Act taxes, which are state unemployment insurance contributions that employers must pay to provide unemployment benefits to workers who have been laid off.

Gross Pay

The total amount of salary or wages earned by an employee before any deductions are made.

Net Pay

The amount of money an employee receives after all deductions, such as taxes and retirement contributions, have been subtracted from their gross pay.

Take-Home Pay

The net amount of income received after the deduction of taxes, benefits, and voluntary contributions from the gross salary.