Global Dimensions business test prep 1 Questions and Verified Answers| 100% Correct| Grade A+

trade surplus - a situation where the value of exports are greater than the value of imports trade deficit - a situation where the value of imports is greater than the value of exports. Edward T. Hall - A respected anthropologist who applied his field to the understanding of cultures and intercultural communications. Hall is best noted for three principal categories of how cultures differ: context, space, and time. Geert Hofstede - An influential Dutch social psychologist who studied the interactions between national cultures and organizational cultures. Cross-Cultural Understanding - The requirement that we reorient our mind-set and, most importantly, our expectations in order to accurately interpret the gestures, attitudes, and statements of the people we encounter from other cultures. Culture - The beliefs, values, mind-sets, and practices of a specific group of people. Ethics - A branch of philosophy that seeks virtue and morality, addressing questions about "right" and "wrong" behavior for people in a variety of settings; the standards of behavior that tell how human beings ought to act. Ethnocentrism - The view that a person's own culture is central and other cultures are measured in relation to it.