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1 of 240
Term
According to Hofstede, which of the following is an implication of
high collectivism?
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Hiring and promotion is based on
Hiring and promotion is random
seniority
, Hiring and promotion takes Hiring and promotion based solely
in-group into consideration on merit
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2 of 240
Term
Which of these is a general description of how the firm will try to
accomplish the firm's vision?
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Business plan Executive summary
Mission statement Marketing plan
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3 of 240
Term
A firm's internal environment contains elements that can impact the
firm but are generally beyond its direct control.
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, debt false
true threats
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4 of 240
Term
Businesses close down for many reasons. Which of the following is
NOT a typical reason for a business failure?
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The owner received too much The business had too many
investment. customers.
The business was too successful Expenses were lower than
and expanded too quickly. the owner expected.
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, 5 of 240
Term
According to Hofstede, which of the following is an implication of
high uncertainty avoidance?
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Rational championing Preference for larger companies
Innovation resisted Avoidance of taxes
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6 of 240
Term
Andy Yocom saw prime advertising space on the flags on the golf
course. He reasoned that any marketing messages would get
prominent attention if they were placed on the flags since golfers
focus on them when they take their shots. As a result, Yocom used
his own initiative and money to start Invision Golf Group Inc.
Yocom is an example of a(n):
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micropreneur venture capitalist