________ arise(s)from differences in customs,social norms,attitudes,assumptions,and expectations of the local society in a host country.

Question

Quizplus · Accepted Answer

The differences in customs, social norms, attitudes, assumptions, and expectations of the local society in a host country are the main factors that contribute to cultural risk. This type of risk arises from the potential misunderstandings, conflicts or lack of appreciation of cultural differences that can lead to negative impact on business operations. Political risk, on the other hand, arises from instability or changes in a country's political environment, while social fads and similarities in business beliefs are more specific factors that do not have as wide-ranging impact as cultural risk.

________ Arise(s)from Differences in Customs,social Norms,attitudes,assumptions,and Expectations of the Local