general business data bank

41. Ethnocentrism refers to a natural tendency of people to regard their own culture as inferior to other cultures.

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42. A tendency to regard their own culture as superior and to downgrade other cultures reflects an attitude called geocentric.

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43. The goal of the European Union is to create a powerful single market system for Europe’s millions of consumers.

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44. An organization developed for the purpose of eliminating tariffs in trading between Japan and the United States is called The North American Freedom of Tariffs Administration (NAFTA).

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45. Fifteen member states of the EU have adopted the rupee, as a single European currency.

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46. Culture shock refers to a person's ability to use reasoning and observation skills to interpret unfamiliar gestures and situations and devise appropriate behavioral responses.

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47. Cultural intelligence refers to a person's ability to use reasoning and observation skills to interpret unfamiliar gestures and situations and devise appropriate behavioral responses.

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48. Culture shock refers to the frustration and anxiety that result from constantly being subjected to strange and unfamiliar cues about what to do and how to do it.

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49. There are three components to cultural intelligence: cognitive, emotional, and physical.

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50. A manager’s reality is that isolation from international forces is entirely possible.

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51. Globalization reached its peak in the 1970s, and is decreasing at a gradual rate.

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52. Licensing means engaging in the international division of labor so that work activities can be done in countries with the cheapest sources of labor and supplies.

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53. The United States has the largest mobile phone market in the world.

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54. Whereas China is strong in software services, India is a rising power in manufacturing.

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55. Brazil is known to have a young, vibrant population and a rapidly growing middle class that is eager to experience the finer things in life.

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56. The estimated 2010 misery index figures suggest significantly less misery for almost every country as compared to figures at the beginning of the century.

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57. In India, it is not uncommon for social media companies such as Facebook and Twitter to be required by law to comply with requests to take down content considered incendiary by government entities.

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58. A high performance orientation means that a society encourages toughness, assertiveness, and competitiveness.

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59. High-context cultures include Asian and Arab countries, whereas low-context cultures tend to be American and Northern European.

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60. High cultural intelligence requires that a manager be open and receptive to new ideas and approaches.

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61. In a recent Fortune magazine poll, 68 percent of Americans say other countries benefit the most from free trade.

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62. The term top of the pyramid refers to the more than four billion people who earn the least, as defined by per capita income.

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63. China and India are ranked first and second on the 2009-2010 Global Competitiveness Ranking of World Economic Forum.

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