Special Exercises Brazil Is the Host of the 2016 Summer Olympics.The Following

question 187

Multiple Choice

Special Exercises
Brazil is the host of the 2016 Summer Olympics.The following statements describe current conditions in Brazil.Many companies see the event as a business opportunity.Match the statement with the type of environmental challenge for international managers it describes.
-It is a member of the Organization of American States (OAS) an intergovernmental organization of 35 independent states of the Americas.

• A)Political-legal environment
• B)Economic environment
• C)Cultural environment

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Definitions:

Overall Set

The complete or total collection of elements, items, or objects under consideration.

Anchoring

The tendency people have to unconsciously base, or “anchor,” the valuation of an item they are currently thinking about on recently considered but logically irrelevant information.

Irrelevant Information

Information that has no bearing on the decisions being made, providing no value to the decision-making process.

Anchoring

A cognitive bias that describes the human tendency to rely too heavily on the first piece of information offered when making decisions.