Scenario: International Manufacturing & Trading

question 91

Multiple Choice

Scenario: International Manufacturing & Trading
International Manufacturing & Trading (IMT) is a medium-sized, U.S.company rapidly expanding in the Asian and Far East markets.The company has decided to open a manufacturing plant in Taiwan and Malaysia.IMT will send top key managers from the U.S.office and will hire the lower level managers and employees from the local markets.IMT managers realize that there will be some cultural differences but are unsure of what and how much.
-IMT managers should know that employees from cultures with a high power distance are more likely to:

• A)use their existing power to gain more power.
• B)encourage consensus-oriented decision making.
• C)avoid people in positions of power.
• D)readily accept the high status of other people in the organization.
• E)give their power to others as a sign of friendship.

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Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing to buy at a given price in a given time period, holding all other factors constant.

Number of Sellers

Refers to the total count of providers or vendors of a particular good or service in the market.

Price of Air Conditioners

The amount of money required to purchase air conditioning units, influenced by factors such as brand, technology, energy efficiency, and market demand.

Temperature

A measure of the warmth or coldness of an object or substance with reference to some standard value.