Describe culture and cross-cultural risk.
Answer to relevant QuestionsDistinguish between socialization and acculturation.What are the five dimensions that make up Hofstede’s model of culture?Various organizations have devised international standards for ethical corporate behavior. These include the United Nations “Universal Declaration for Human Rights” (available at www.un.org), the OECD’s “Guidelines ...Distinguish relativism and normativism. Which one should the firm apply in its activities?Economist Lester Thurow once posed the following question: “If you were the president of your own country and could choose one of two industries in which to specialize, computer chips or potato chips, which would you, ...
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