Jana Has Spent the Last Year Traveling to Different Operations

question 102

Multiple Choice

Jana has spent the last year traveling to different operations for her company. She visited factories in Mexico and Thailand, a finance operation in Singapore, a pearl company in Japan, and many other venues. She now has collected her thoughts about the various places she visited.
-In Venezuela Jana found that people tended to show great deference toward their superiors.When meeting with one higher-up, she noticed that the local managers seemed to exhibit extremely obsequious behavior.How would you characterize this trait?

• A)future oriented
• B)high uncertainty avoidance
• C)low power distance
• D)high power distance

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Definitions:

Marginal Revenue

The additional income earned from selling one more unit of a product or service.

Marginal Cost

The addition to total expenses resulting from the production of one more unit of a product or service.

Price-taker Market

A market condition where individual sellers or buyers cannot influence the price of goods or services and must accept the prevailing market price.

Marginal Revenue

The additional income generated from selling one more unit of a good or service.