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BUSI 3250 AUBURN EXAM 1 2025 QUESTIONS AND ANSWERS.

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BUSI 3250 AUBURN EXAM 1 2025 QUESTIONS AND ANSWERS.

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BUSI 3250 AUBURN
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BUSI 3250 AUBURN

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May 13, 2025
Number of pages
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Written in
2024/2025
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BUSI 3250 AUBURN EXAM 1 2025
QUESTIONS AND ANSWERS.

1. Hofstede's Cultural Dimension that measures degree to which people in the
culture are integrated into groups -correct answer-Individualism-collectivism



2. People in highly individualistic cultures are more... -correct answer-loosely
connected and look after themselves and their immediate family (high,
individualism-collectivism dimension)



3. People in highly collectivistic cultures belong to... -correct answer-strong,
cohesive in-groups that look after them in exchange for loyalty (low,
individualism-collectivism)



4. Remember, the nail that sticks out gets hammered down - -correct answer--
Collectivism



5. How many modes of supply are there? -correct answer-4



6. How much of the world's oil passes through the Strait of Hormuz? -correct
answer-20%



7. What are the 3 P's of sustainability? -correct answer-people, planet, profit

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8. Meeting the needs of the future without compromising the ability of future
generation's to meet their needs -correct answer-Sustainable Development



9. C.K. Prahalad popularized the term -correct answer-"Bottom of the Pyramid"



10.What does "Bottom of the Pyramid" refer to? -correct answer-refers to the
approximately 3 billion people who survive on less than $2 per day, where
basic survival needs are just barely met. Prahalad suggested that this large mass
of humanity should be viewed as having tremendous market potential with
untapped purchasing power



11.3 largest regional trade regions are EU (27 member countries), NAFTA, and? -
correct answer-ASEAN



12.How much of the world's exports does ASEAN make up? -correct answer-55%



13.___________ is what makes us who we are and what we believe -correct
answer-Culture



14.Ethnocentricity -correct answer-The belief that your own culture is superior to
other cultures



15.In what dimension and level (high/low) does consultative leadership dominate,
and informality tend to be the norm? -correct answer-Low, Power Distance (ex.
The US)

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16.Hofstede's Culture Dimension that is extent to which members of a society
expect power to be distributed unequally and accept it -correct answer-Power
Distance



17.In large-power-distance societies, -correct answer-seniority, age, rank, and title
are important; formality is emphasized (high, power distance; Kia example, the
title more important than name on card)



18.In small-power-distance environments, -correct answer-a consultative style of
leadership predominates; informality tends to be the norm (low power distance;
ex. The US)



19.Hofstede's Culture Dimension that describes a society's level of comfort with
uncertainty. -correct answer-Uncertainty avoidance



20.Strong uncertainty avoidance cultures -correct answer-resist change; they
expect clear procedures and preserve the status quo (high uncertainty
avoidance)



21.Weak uncertainty avoidance culture see conflict as -correct answer-having
positive aspects; they expect innovation, encourage risk taking and reward
change (low uncertainty avoidance)



22.Hofstede's Culture Dimension that describes the distribution of roles between
the sexes -correct answer-Masculinity-femininity

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