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How can you do business in Africa, a nation that is becoming more modern, while holding the line on respect of the people's traditions and cultures?

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Darryn D'Souza
Darryn D'SouzaLv10
28 Sep 2019

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Related questions

1.Mainstream American culture is largely based on the traditions of another culture. Which culture? Why? What are some elements of our culture that provide evidence of this influence?

2. Describe the role of ethnomusicologists.

3. In your opinion, why is it important to study the music of various cultures?

4. How are music labels helpful? How are they a hindrance?

5. Name at least 10 careers in the music industry. Which one is most appealing to you? Why?

Americans can sometimes be ethnocentric in thinking. Believing there way is the only way. But, America is but a small country in the world that has many its own beliefs and practices that can differ from other country’s beliefs and customs. How do you know how to conduct business or honor others traditions if you don’t know them? How do you know if America is the best place for you if you don’t know how other countries especially those under different economic systems operate? Go to: http://businessculture.org/business-culture/cultural-differences-in-business/ choose two countries and state the differences. Now go to the following website and read about Canadian differences and list five differences that you find intriguing and state why https://www.quora.com/What-are-some-cultural-differences-between-Canadians-and-Americans

 

2. Throughout the 1990s, the amount of foreign direct investment directed at both developed and developing nations increased dramatically. This trend reflects:

  a slowdown in global economic activity.
  the increasing share of the U.S. in the total FDI stock.
  the decline in cross-border flows of foreign direct investment.
  the increasing internationalization of business corporations.
3. Globalization is criticized because it increases the power of _____.
  governments to own enterprises
  unskilled labor to form labor unions
  supranational organizations over nation-states
  nation-states to regulate markets and reduce competition
4. Which of the following is NOT a consequence of the reduction in trade barriers and restrictions on FDI since 1950?
  Firms are dispersing parts of their production process to global locations to drive down production costs and increase product quality.
  The economies of the world's nation-states are becoming more intertwined.
  Nations are becoming more independent of each other for important goods and services.
  The world has become significantly wealthier since 1950.
5.A common law system is different from a civil law system because:
  a common-law system is based on religious teachings, while a civil law system is based on cultural traditions.
  a common-law system is very rigid, while a civil law system tends to be more flexible.
  in a common law system, a judge relies on legal codes to make rulings, while in a civil law system a judge relies on his intuition and moral reasoning to make judgments.
  in a common law system, a judge has the power to interpret the law, while in a civil law system a judge has the power only to apply the law.
7. Which of the following areas of international trade is regulated by the Foreign Corrupt Practices Act?
  Making and performing commercial contracts in international trade.
  Preventing bribery and unethical acts in the conduct of international business.
  Establishing a set of safety standards to which a new product must adhere.
  Controlling the mafia activity that hinders trade in Russia, Japan, and the U.S.
8. Which of the following is a measure that is developed by the United Nations to measure the quality of life in different nations?
  Gross national income
  Human Development Index
  Purchasing power parity
  Gross domestic product
9. According to Hernando de Soto, which of the following factors is essential for the developing world to be able to reap the benefits of innovation and entrepreneurship?
  Detailed state planning
  Restricting direct investment by foreign enterprises
  Strong property rights
  Market regulation
10.Which of the following refers to the extent to which individuals can move out of the strata into which they are born?
  Caste stratification
  Class system
  Social mobility
  Individual potential
11.Which of the following is an example of ethnocentrism?
  A manager in India looks down upon his subordinates because they are from a lower caste, compared to him.
  An upper-middle-class woman talks rudely to a salesperson because she looks down upon individuals belonging to the working-class.
  An American manager criticizes the cultural practices of Saudi Arabia when he is sent there on business because it differs from his own cultural norms.
  A French business owner, who plans to expand his market to China, conducts a detailed cultural study of China to customize his marketing campaign.
13An international U.S. based company sets up a production unit in a developing country with poor environmental regulations. This contributes to:
  the noblesse obliges the situation.
  the inequity aversion.
  the global tragedy of the commons.
  the Friedman effect.
 

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