Which of the following will aid a manager in understanding some Latin Americans' reluctance toward foreign investment or Chinese reluctance to open completely to outsiders?
A) A better understanding of global economic trends.
B) A deeper understanding of world market potential.
C) A tolerance toward cultural differences.
D) An understanding of microeconomics.
E) A historical perspective.

Question

Quizplus · Accepted Answer

Knowledge of history is important because the way people think and act is influenced by their history. Some Latin Americans' reluctance toward foreign investment or Chinese reluctance to open completely to outsiders can be understood better if you have a historical perspective.

Which of the Following Will Aid a Manager in Understanding