GMS 522 Lecture Notes - Lecture 3: Voluntary Export Restraints, Ad Valorem Tax, Keiretsu

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 522
• Professor: Carlyle Farrell

Document Summary

The integrated system of learned behavior patterns that are distinguishing characteristics of the members of any given society is called: culture. Which is not a dimension of hofstede"s framework? (a)individualism vs. collectivism (b)power distance (c)uncertainty avoidance (d)altruism vs. selfishness (e)masculinity vs. femininity. Kluckhohn-strodtbeck"s framework compares culture across: (a)four dimensions (b)ten dimensions (c)six dimensions (d)none of the above. The belief that one"s own ethnic group or culture is superior to that of others is called: (a)egocentricism (b)ethnocentricism (c)elitecentricism (d)stupidity. Allows countries to specialize in the production of those products they are best suited to producing. Consumers have access to a wider range of products. Source of revenue for national governments: exports goods manufactured in the home country and sold in a foreign country, imports goods produced in a foreign country and sold in the home country. Countries vary in their dependence on international trade. National governments responsible for setting domestic international trade policies and monitoring imports and exports.