Refer to the Scenario Below to Answer the Following Questions

question 18

Multiple Choice

Refer to the scenario below to answer the following questions.
First Business Trip to Asia (Scenario)
Jeff Elliott is on a flight across the Pacific and is excited about his first business trip to Asia. Born and raised in Alberta, Jeff is a manager for a rapidly growing Calgary-based company. His current mission is to scout out potential locations in Asia and develop an international expansion strategy for his company. There are many options, including maintaining the business's head office in Canada and sending over company representatives when necessary or developing a separate company in Asia and hiring locals to manage the business. Jeff's trip will take him to Japan, South Korea, Hong Kong, Taiwan, and China. He is looking forward to learning more about the business practices and customs of each country and is not too worried about the fact that he only speaks English. Jeff has heard that English is considered the main international business language, and he anticipates that most Asians will be able to speak it.
-All five Asian countries that Jeff will be visiting ranked very high on which one of Hofstede's cultural dimensions?

• A) individualism
• B) power distance
• C) short-term orientation
• D) nurturing
• E) long-term orientation

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Definitions:

Return on Equity

A financial ratio measuring the profitability of a company expressed as a percentage of equity, indicating how effectively a company uses its equity investments to generate profits.

Total Assets

The sum of all assets owned by a company, including both current and fixed assets, giving an overview of the company's financial health.

Sales

The exchange of a commodity for money; the action of selling something.

Control Process

A systematic approach to managing and regulating the activities and operations within an organization to ensure they meet set objectives.