Business Environment: Inflation, GNP & GDP
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Questions and Answers

What is the term for the rate reflected during a period of above normal general price increases?

  • Currency exchange rate
  • Gross National Product (GNP)
  • Gross Domestic Product (GDP)
  • Inflation rate (correct)

    • What is the total final output of goods and services produced by the country’s economy, within the country’s territory?

  • Currency exchange rate
  • Gross Domestic Product (GDP) (correct)
  • Gross National Product (GNP)
  • Inflation rate

    • What is cultural intelligence?

  • The ability to manage a team
  • The ability to analyze economic data
  • The ability to learn a new language
  • The ability to understand and adapt to different cultures (correct)

    • What type of culture emphasizes punctuality and sticking to set rules?

    <p>Monochronic cultures</p> Signup and view all the answers

    Who noted that the way people approach and deal with time varies across cultures?

    <p>Edward T. Hall</p> Signup and view all the answers

    What is the term for the rate at which central banks will exchange the country’s currency for another?

    <p>Currency exchange rate</p> Signup and view all the answers

    What is a characteristic of polychronic cultures in terms of time?

    <p>Accomplishing many different things at once</p> Signup and view all the answers

    What does a high power distance in a culture indicate?

    <p>A respect for authority figures</p> Signup and view all the answers

    What is a characteristic of individualistic cultures, such as those in the US and Australia?

    <p>A preference for working alone</p> Signup and view all the answers

    What is a characteristic of cultures with a high level of uncertainty avoidance, such as the Philippines?

    <p>A preference for stability and predictability</p> Signup and view all the answers

    What is a characteristic of cultures with a masculine orientation, such as Japan and Mexico?

    <p>A preference for assertiveness and material success</p> Signup and view all the answers

    What is a characteristic of cultures with a long-term orientation, such as the Philippines and Japan?

    <p>A concern for the future and long-term consequences</p> Signup and view all the answers

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