81) Stephanie also expects participants to ask: "Are the Chinese as formal and business-oriented as Americans are?" Which of the following would most likely be Stephanie's response?
A) The Chinese operate very much like Americans, for them business is more important than pleasure.
B) The Chinese dislike guessing games; give them your sales pitch right away and let the meeting develop.
C) Don't overlook the importance of personal relationships; friendship comes before business.
D) The Chinese are very flexible and will easily adapt to your culture's way of doing business.
Answer
82) Another question that Stephanie anticipates concerns the acceptability of certain topics of discussion like: "Should we avoid discussing our families and spouses?" Which of the following represents the most effective response to this question?
A) Absolutely, family is kept completely separate from business in China.
B) Yes, because it is considered very rude by businesspeople to discuss family.
C) No, Chinese businesspeople may invite business partners to family functions.
D) It's fine to discuss family, but never agree to go to a business partner's house.
Answer: C
Scenario: Learning the American Way
Sergei Chernovl is a Russian exchange student. To learn more about how a market economy functions, Sergei is conducting research comparing businesses in Russia with businesses in the United States.
83) Sergei believes that it is important to know the origin of the economic system in each country. He learns that the idea of central economic planning that was practiced in Russia, was popularized in the nineteenth century by ________.
A) Peter Drucker
B) Frederick Taylor
C) Karl Marx
D) Abraham Maslow
Answer
84) Sergei recognizes that one of the major reasons why central planning declined was its failure to ________.
A) create economic value
B) take care of national security
C) control rampant economic growth
D) satisfy government requirements
Answer
85) Sergei learns that an important aspect of market-based economies is the private ownership of companies. As Russia goes through the privatization process, it aims to ________.
A) increase tax revenues
B) improve military defense
C) increase social welfare
D) increase economic efficiency
Answer: D
86) Sergei finds out that prices in a market economy are determined by the interplay of ________.
A) government and labor
B) labor and management
C) demand and prices
D) supply and demand
Answer: D
Scenario: Cleanshot USA in Russia
When Cleanshot USA, a photography products company, decided to enter the international arena, it chose Russia as its main market. Although Russia has been in transition for years, Cleanshot managers believe their company has tremendous opportunities there.