Examlex

Solved

Which of the Following Statements Is True About Value-Based Cultures

question 11

Multiple Choice

Which of the following statements is true about value-based cultures?

Recognize the importance of cultural compatibility and flexibility for expatriates’ success in foreign assignments.
Acknowledge the legal and operational challenges in international human resource management, including workforce reduction and labor laws.
Understand the effects of cultural orientations such as long-term vs. short-term orientations on business practices and employee behavior.
Identify the symptoms and consequences of culture shock and strategies for adjusting to new cultures in international assignments.

Definitions:

Just-In-Time (JIT)

A production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs, delivering materials just when they are needed.

Customer Wants

Specific desires or requirements of consumers that businesses aim to meet with their products or services in order to satisfy and retain their clientele.

JIT Environments

Settings or conditions where Just-In-Time inventory management and production practices are implemented to minimize inventory costs and waste.

Demand Rate

The rate at which goods or services are requested or needed by consumers in a given market or period.

Related Questions