Question

In: Economics

________ would most likely be characterized as being an imperative business custom in many cultures. A)...

________ would most likely be characterized as being an imperative business custom in many cultures.

A) Establishing friendships

B) Knowing to speak and write the native language

C) Adhering to local food habits

D) Conforming to the native religions

E) Having knowledge of the local sport

What effect did the Basel Convention have on world trade?

A) It allowed the United States full control over the developing countries of Central America.

B) It mandated a total ban on the export of hazardous waste by developed nations.

C) It required a country to remove tax barriers when importing or exporting to a contingent nation.

D) It implemented higher tariffs on exports that created greenhouse-gas emissions.

E) It eliminated anti-dumping policies on electronic devices.

In a culture with a high Uncertainty Avoidance Index (UAI), you are more likely to find that members

A) seek absolute truth.

B) take a more empirical approach to understanding and knowledge.

C) tend to have a low level of anxiety.

D) have a low level of concern with security and rule following.

E) are highly tolerant of ambiguity.

Expert Solution

1. Option A

Establishing friendships is an imperative in many cultures for an effective business negotiations.
Friendship is a way of earning trust and acceptance in a business.
If a business needs to be successful, the cultural imperativeness should be avoided otherwise, the marketer will be losing trust and acceptance that a business requires for efficient functioning.

2. Option B

The Basel convention was adopted in 1989 due to the need of managing hazardous waste.
It was adopted in response to the demand for the total ban on the exports of hazardous waste by the developed countries to the developing nations.

3. Option E

Uncertainty Avoidance refers to people's tolerance to Uncertainty and Ambiguity.
Nations with high uncertainty Avoidance have a greater cultural tolerance for Ambiguity.
These cultures try to minimise uncertain situations and are more adopted to security measures by avoiding unpredictable events.

Rahul Sunny answered 1 year ago

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