Lucy Is Being Sent on a Foreign Assignment to Japan

question 10

Multiple Choice

Lucy is being sent on a foreign assignment to Japan. She assumes that she can reach agreements in Japan on the basis of general trust, without the need for specific and legalistic contracts. She makes this assumption because she knows that Japan is _____.

• A)ethnocentric
• B)a low-context culture
• C)a collectivistic culture
• D)an individualistic culture
• E)a high-context culture

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Definitions:

Investment

Allocating resources, usually money, with the expectation of generating an income or profit.

Cash Flows

The total amount of money being transferred in and out of a business, particularly in relation to liquidity.

Payback Period

The amount of time it takes to recover the cost of an investment through its cash inflows.

Payback

The method of calculating the duration required to recover the cost of an investment, emphasizing the time it takes to reach a breakeven point.