An American company is in a joint venture with an overseas Asian company. The U.S. managers are particular about time management and appointments for conference calls and meetings. However, their overseas Asian counterparts are not conditioned the same way and don't necessarily adhere to schedules. This variation in time management is an aspect of their _____ environment.
A) legal
B) cultural
C) technological
D) political
E) economic

Question

Quizplus · Accepted Answer

One significant contextual challenge for the international managers is the cultural environment and how it affects business. For example, in the United States, most managers clearly agree about the value of time. Other cultures do not put such a premium on time.

An American Company Is in a Joint Venture with an Overseas