Which of the Following Statements Is True for the Various

question 20

Multiple Choice

Which of the following statements is true for the various management attitudes?

• A) An organization characterized by the geocentric attitude incurs high travel and training expenses.
• B) The ethnocentric attitude reflects the belief that because foreign managers are closer to foreign organizational units, they understand them better.
• C) The ethnocentric attitude is generally thought to be the most appropriate for managers in multinational corporations.
• D) The polycentric attitude often causes resentment toward the home country within the foreign society.
• E) Managers with a geocentric attitude stereotype home-country management practices as sound and reasonable and foreign management practices as faulty and unreasonable.

---

Definitions:

Vintner

is a person engaged in winemaking, especially one who is responsible for the production of wine at a vineyard or winery.

Opportunity Cost

The expense incurred by not selecting the second-best choice during a decision-making process or when evaluating different alternatives.

Full Employment

A situation in an economy where all available labor resources are being used in the most efficient way possible.

Marginal Rate

Often refers to the marginal rate of substitution or marginal rate of transformation in economics, indicating the rate at which one good can be substituted for another.