Cultural Differences in Global Business Practices

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What is the definition of ethnocentrism?

A mentality that perceives one's own culture, ethics, and norms as natural and morally right.

What is the significance of English as a global business language?

It has achieved lingua franca status due to globalization and economic output of English-speaking countries.

Which religion has the most number of adherents?

Christianity

What does culture refer to, based on the text?

The collective programming of the mind that distinguishes groups of people

What is the dominant language used in global business, as stated in the text?

English

What is the underlying background upon which interaction and communication take place as per the text?

Context

What is the focus of long-term orientation?

Perseverance and savings for future betterment

Which factor affects managerial behavior according to the text?

Individualism and entrepreneurship

What does sensitivity to cultural differences help avoid according to the text?

Blunders

What is the overlap between ethical and legal according to the text?

Individual and firm behavior standards

What follows the cliché 'When in Rome, do as the Romans do' according to the text?

Ethical relativism

What does managing ethics overseas involve according to the text?

Following local norms

What does 'Ethical imperialism' refer to?

Belief in having the best set of ethics

Which organization is associated with combating corruption?

Transparency International

What is the focus of 'Cultural Intelligence' as mentioned in the text?

Identifying symbols and taboos in various cultures

Which phase of 'Acquiring Cultural Intelligence' involves understanding one's own cultural mental software?

Awareness

What are 'Norms' as mentioned in the text?

Practices of relevant players that influence individuals and firms

Which act specifically deals with Anti-Graft and Corrupt Practices in the Philippines?

R.A 3019 Anti-Graft and Corrupt Practices Act

What is a characteristic of high-context cultures?

Communication relies heavily on unspoken conditions or assumptions.

What does 'Power distance' refer to in the Dimension Approach of cultural differences?

The extent to which less powerful members accept unequal power distribution.

Which approach groups countries with similar cultures together as one cluster?

Cluster Approach

What does individualism refer to in terms of cultural differences?

Identity tied to individual self

In low-context cultures, how is communication typically interpreted?

By taking everything at face value

'Masculinity versus femininity' in cultural dimensions refers to what aspect?

Sex role differentiation

Explore the impact of cultural differences on global business practices, focusing on dimensions within and across cultures. Topics include contracts in high vs. low-context countries, empowerment in high and low-distance countries, and more.

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