A Company Wants a Moderately Extensive Approach to Cross-Cultural Training

question 90

Multiple Choice

A company wants a moderately extensive approach to cross-cultural training that will take a month or less and will focus on psychological and managerial skills.Their best choice for cross-cultural training would be a(n) :

• A) affective approach.
• B) information-giving approach.
• C) fictional-cultural approach.
• D) impression approach.

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Definitions:

Externalities

Costs or benefits that affect a party who did not choose to incur that cost or benefit, often leading to market failure if not corrected by government intervention.

Marginal Cost

The boost in expenditure due to producing an additional unit of a product or service.

Coase Theorem

A principle that suggests that if trade in an externality is possible and there are no transaction costs, bargaining will lead to an efficient outcome regardless of the initial allocation of property rights.

Private Parties

Individuals or entities that operate privately, not part of or affiliated with government organisations.