Given the Increasing Attractiveness of U

question 90

Multiple Choice

Given the increasing attractiveness of U.S. business ventures in China, a major challenge for Western managers will be to understand the Chinese practice of guanxi, which is the:

• A) strong use of rewards and punishment in the workplace.
• B) use of personal connections to conduct business.
• C) practice of group members evaluating the performance of individual group members.
• D) tendency to negotiate small but specific agreements in order to interact effectively.

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Definitions:

Ethics

The moral principles that govern a person's behavior or the conducting of an activity, often playing a critical role in decision-making.

Profitability

The ability of a business to generate more revenue than expenses, resulting in a profit.

Corporate Philanthropy

The practice where a company allocates a portion of its earnings or assets to support nonprofit organizations or philanthropic endeavors.

Breast Cancer Campaign

A concerted effort aimed at raising awareness, funding research, or supporting those affected by breast cancer.