GEICO, the number-two auto insurer with $18 billion in revenue last year, spent $0.9 billion on advertising that year and plans to continue spending the same percentage of sales on advertising next year. The average advertising-to-sales ratio for the insurance industry is 0.2 percent of sales. If GEICO projects $20 billion in sales next year, using the percentage-of-sales method of advertising budgeting, how much will the company budget for advertising if basing it on projected sales?
Answers
Answer:
The budget for advertising for the next year will be $1 billion.
Explanation:
Based on the information given in the question, the advertising to sales ratio for GEICO based on its last year data is,
Advertising to sales = Advertising / Sales Revenue
Advertising to sales = 0.9 / 18 = 0.05 or 5%
The advertising to sales ratio for GEICO is much higher than the industry average. If GEICO continues to maintain this ratio for the next year, the budget for advertising will be,
Advertising budget = 20 * 5% = $1 billion
If it uses the industry average ratio, the budget will be,
Advertising budget = 20 * 0.2% = $0.04 billion
As GEICO is expected to maintain its own advertising to sales ratio, the correct answer for advertising budget us $1 billion
Related Questions
Watson Company applies overhead on the basis of machine hours. Given the following data, compute the amount of overhead applied for the period. Estimated annual overhead cost $1,500,000 Actual annual overhead cost $1,485,000 Estimated machine hours 300,000 Actual machine hours 295,000
A: $1,475,000
B: $1,500,000
C: $1,525,425
D: $1,485,000
Answers
Answer:
A: $1,475,000
Explanation:
The computation of the overhead applied is shown below:
But before that first determine the predetermined overhead rate which is
= Estimated annual overhead cost ÷ Estimated machine hours
= $1,500,000 ÷ 300,000
= $5
Now the applied overhead is
= Predetermined overhead rate × Actual machine hours
= $5 × 295,000
= $1,475,000
Complete the following table.
Answers
The completed table for the Total Utility would be: 10, 24, 18, 24, 0, and 28
How did we arrive at these values?To complete the table, calculate the Total Utility for each quantity demanded. Total Utility is the sum of the utility derived from consuming each unit of a good or service.
Assume that the utility derived from consuming each unit of the good is as follows:
Utility:
Unit 1: 10
Unit 2: 8
Unit 3: 6
Unit 4: 4
Unit 5: 2
Unit 6: 0
Now, calculate the Total Utility for each quantity demanded:
Price | Quantity Demanded | Total Utility
---------------------------------------
5 | 1 | 10
4 | 3 | 10 + 8 + 6 = 24
3 | 2 | 10 + 8 = 18
2 | 3 | 10 + 8 + 6 = 24
1 | 0 | 0
0 | 4 | 10 + 8 + 6 + 4 = 28
Therefore, the completed table would be:
Price | Quantity Demanded | Total Utility
---------------------------------------
5 | 1 | 10
4 | 3 | 24
3 | 2 | 18
2 | 3 | 24
1 | 0 | 0
0 | 4 | 28
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You are a media liaison officer for the sporting brand Hi-Tech. You have been tasked with developing a social media campaign to promote and create awareness for Hi-Tech’s ‘One’ campaign. Based on the information provided in the article, choose a social media platform (only one) that you feel will be most suited for achieving success. Your discussion must include the following: 2.1 Outline a mission and vision statement that you will use to guide your social media campaign.
Answers
A social media campaign is a planned marketing activity that uses one or more social media channels to support or further a company objective.
A campaign's greater emphasis, targeting, and measurability set it apart from regular social media initiatives. Place all the tracking mechanisms in place before launching a campaign. There are several free social media marketing tools available that measure shares, retweets, likes, and brand-related keywords.
Set goals for the campaign and arrange a firm deadline after a baseline has been established. Firm start and finish dates are essential for a) controlling expenses and mission creep, and b) evaluating results before and after the campaign.
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The primary way to make a resume persuasive is to: A.limit it to one page B.customize it to fit each company and position C.use a good laser printer to print it on high-quality bond paper D.put a copy of it on the Web g
Answers
Answer:
B. customize it to fit each company and position
Explanation:
A curriculum vitae (resume) can be defined as a short text-based document that a job applicant use to briefly outline his or her qualifications, abillities and accomplishments, haven completed and obtained an academic certificate.
Generally, all job applicants are required to have a curriculum vitae (resume). This brief and concise document is always requested by human resource managers during the job application process. Thus, all applicants must attach it to their written application letter because it's a profile summary of the necessary information needed for a particular job.
Generally, the primary way to make a resume persuasive (to convince or inform an action in the minds of the readers - potential employers) is to customize it to fit each company and position.
This ultimately implies that, job applicants are expected to tailor their resume to fit or match the position that is advertised by a company's human resources department.
The next dividend payment by Hillside Markets will be $2.6 per share. The dividends are anticipated to maintain a 10 percent growth rate forever. The stock currently sells for $65 per share. What is the dividend yield?
Answers
Answer:
4.00%
Explanation:
The computation of the dividend yield is shown below:
Dividend Yield = Most recent dividend ÷Current Share Price
= $2.6 per share ÷ $65 per share
= 4.00%
We simply divided the most current dividend by the current share price so that the dividend yield could be calculated and the same is to be considered
hence, the dividend yield is 4%
How a company classifies its inventory depends on whether the firm is a merchan- diser or a manufacturer. In a merchandising company. such as those described in Chapter 5, inventory consists of many different items. For example, in a grocery store, canned goods, dairy products, meats, and produce are just a few of the inven- tory items on hand. These items have two common characteristics: (1) They are owned by the company, and (2) they are in a form ready for sale to customers in the ordinary course of business. Thus, merchandisers need only one inventory classifi- cation, merchandise inventory, to describe the many different items that make up the total inventory.
Answers
Answer:
2.94
Explanation:
A company decides to diversify a product by creating a new product range. Which stage of the its life cycle is the product most likely in? A company decides to diversify a product by creating a new product range. It is most likely in the stage.
Answers
Answer:
Introduction.
Explanation:
A product life cycle can be defined as the stages or phases that a particular product passes through, from the period it was introduced into the market to the period when it is eventually removed from the market.
Generally, there are four (4) stages in the product-life cycle;
1. Introduction.
2. Growth.
3. Maturity.
4. Decline.
Basically, the introduction stage is the fist stage of a product's life cycle, indicating that it is new in the market. Hence, this stage is typically characterized by low (slow) sales and as such the company (producer) has to invest so much in advertisements, marketing and promotional strategies (campaigns) in order to increase customer awareness.
In this scenario, a company decides to diversify a product by creating a new product range. Therefore, the life cycle stage the product is most likely in is introduction.
A person with a doctorate degree in history is working at Burger King.
Answers
Answer:
Explanation:
Burgers, fries, and Cokes. A deceptively simple, value-laden strategy that has withstood every test of time. As stated so clearly and easily by the late Jim McLamore, this guiding principle may have gotten lost during some of the system’s darker times. But it has returned to its rightful place and proves itself every day at Burger King counters and cash registers across the country, ringing up record sales and distancing itself from the competition in taste tests and desirability.
Burgers, fries, and Cokes. Deceptively simple yet startlingly visionary, and to those who knew him, respected him, and learned from him, emblematic of Burger King Corporation’s co-founder Jim McLamore, who more than 40 years ago, changed the way America looked at burgers.
Many franchisees spoke of him as a quiet giant, a man who first, second and last, knew fast food and how to serve it. A man who never wavered from his vision, and always had time for the franchisees. As The Flame spoke with franchisees about their memories of Jim McLamore, it was discovered that he is most revered for two things - his belief in the franchise system, and his uncommon, ‘common’ touch. Here then is the NFA’s tribute to a man of honor, of enormous accomplishment, and above all, a man of inspiration with a good
Francis takes 20% of his income and puts it aside for rainy days, this called?
Answers
I think investing
i think that becasue he is saving it and investing means: expend money with the expectation of achieving a profit or material result by putting it into financial plans, shares, or property, or by using it to develop a commercial venture.
Managers are strictly required to properly understand the role of Information Systems in their organization. Failure to do so might have adversary effects on the existence of their organization. In relation to role of IS in organization, there are practical examples where IS has created a situation to replace roles organizations have assumed for years in Ethiopian business environment. Mention at least two organizations IN Ethiopia whose role has been replaced/ threatened by IS.
Answers
Answer:
Explanation: the most which is
You decide to decrease the price of your product to increase total sales revenue, because you believe your product's demand is
A) perfectly inelastic
B) unit elastic
C) price elastic
D) price inelastic
Answers
Answer:
C) price elastic.
Explanation:
How does finance and insurance affect in our global economy?
Answers
The ways that finance and insurance affect our global economy include:
Capital allocationRisk managementHow can finance and insurance affect the economy ?Finance plays a crucial role in allocating capital to its most productive uses. Through the provision of financial services such as banking, investment, and asset management, finance channels funds from savers to investors, supporting economic growth and development.
Insurance plays a vital role in managing risk and protecting individuals and businesses from potential losses. By spreading risk among a large pool of insured individuals or companies, insurance enables businesses to invest and take on new opportunities with greater confidence, contributing to economic growth and stability.
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Zoe is a CEO of corporation she organized herself and the corporation has 15 shareholders the company operates in several States as well as outside the US her business consists mostly of training services for in-home medical Care personnel her company would be a __________ corporation? Is it closely held or is subchapter s
Answers
Answer: closely held
Explanation:
Based on the information that are given in the question, Care personnel company would be a closely held organization.
A closely held corporation, is also referred to as the closed corporation. For such firma, few number of people hold their stock.
annuity repayment vs level principal repayment. can you compare these payments methods
Answers
Answer: See explanation
Explanation:
Annuities are referred to as the loans that one would have to pay back over a period of time with a particular interest rate. It should be noted that annuities have consistent payments for the period that the loan will be paid back. An example of annuity is the car loan or the mortgage.
For a level principal loan, it should be noted that the principal payment will remain constant and won't change while there'll be a reduction in the interest rate over the period that the loan will be paid back. This means that there will be w reduction in the payments as the time progresses.
The Rational Rule for Buyers O compares the benefit of buying an additional unit of the item to the cost of that item. O compares the total benefit of all units to the total price of all units purchased. O only applies to buyers who are buying necessities as opposed to luxury items. O compares the cost of production of an item to the price of the item.
Answers
The correct option is A. The Rational Rule for Buyers compares the benefit of buying an additional unit of the item to the cost of that item.
Rational rules argue that at least a few significant additives of our ethical structures are indeed ecologically rational: they are proper at assisting us to reap not unusual goals. Nichols argues that the account might be prolonged to seize moral motivation as a unique case of a much extra-preferred phenomenon of normative motivation.
Rational conduct is the cornerstone of rational preference theory, a principle of economics that assumes that individuals always make choices that offer them the very best amount of personal software. those decisions provide human beings with the greatest advantage or pleasure given the alternatives to be had. The monetary rationality precept is primarily based on the concept that humans behave in rational methods and keep in mind alternatives and choices inside logical structures of ideas, in preference to concerning emotional, moral, or psychological elements.
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Complete Question:
The Rational Rule for Buyers
A). compares the benefit of buying an additional unit of the item to the cost of that item.
B). compares the total benefit of all units to the total price of all units purchased.
C). only applies to buyers who are buying necessities as opposed to luxury items.
D). compares the cost of production of an item to the price of the item.
Bombas makes socks and T-shirts which it sells to consumers online. It uses the _______ channel.
Answers
Bombas makes socks and T-shirts which it sells to consumers online. It uses the Direct-to-consumer channel.
Direct-to-consumer (DTC) is a sales channel that allows brands to sell their products directly to consumers without the need for intermediaries like wholesalers or retailers. Bombas, a company that makes socks and T-shirts, uses the DTC channel to sell its products online. By doing so, Bombas can offer its products at a lower price point and have more control over the customer experience.
DTC also allows companies to gather valuable customer data and feedback, which can be used to improve products and marketing strategies. Overall, DTC has become a popular channel for many brands, especially those in the e-commerce space, looking to build strong relationships with their customers and increase profitability.
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If you have many competing financial goals, what should you do to help yourself focus on the most important ones?
A.
Get more unearned income.
B.
Prioritize and make a budget.
C.
Open a checking account.
D.
Diversify your investments.
Answers
Answer:
B.
Prioritize and make a budget.
Which of the following is not a measure of central tendency?
Answers
Answer:
Standard deviation is not a measure of central tendency
Explanation:
Deviation means change or distance. But change is always followed by a reference. Hence standard deviation is a measure of change from central tendency i.e. mean. It is not itself a measure of central tendency.
what are the challenges associated with not being ‘tech savvy’ in 2023?
Answers
As the world keeps advancing technologically, being tech-savvy becomes increasingly important. However, not being tech-savvy in 2023 may pose a lot of challenges. Some of these challenges are :Job Market, Learning,Communication,Security.
Job Market: In 2023, there will be more tech-based jobs than there currently are. Being not tech-savvy would make it difficult for an individual to secure employment in such sectors. This means that those who are not tech-savvy would be limited to jobs that require no technical skills.Learning: Due to the increased importance of technology, those who are not tech-savvy would find it challenging to learn new things. This means that they would be unable to benefit from new technology, apps, and software that are released in the market. They may also face difficulties while navigating technology-based environments.Communication: In 2023, communication will be more technology-driven than ever before. Those who are not tech-savvy may find it challenging to communicate with others effectively. This may lead to miscommunication and misunderstandings which could impact personal and professional relationships.Security: Cybersecurity is a significant concern in today's world. Not being tech-savvy could make it difficult for an individual to secure their information, devices, and accounts. This could lead to loss of data, identity theft, and other forms of cybercrime.In conclusion, being tech-savvy in 2023 is essential to success, as the world will be driven by technology. Those who do not embrace technology may find themselves limited in terms of employment opportunities, communication, and personal security.
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7. How does the quality of management relate to each of these causes of small business failure?
Answers
Answer:
Explanation:
The quality of management can have a significant impact on each of the causes of small business failure. Poor management can lead to financial mismanagement, which can cause a business to run out of cash and become insolvent. Ineffective management can also result in a lack of clear goals and direction, leading to a lack of focus and poor decision-making. Additionally, poor management can lead to problems with staffing and employee morale, which can negatively affect productivity and customer satisfaction.
On the other hand, good management practices can help a small business avoid these problems and increase the likelihood of success. Good management involves setting clear goals and making sound financial and strategic decisions, as well as effectively managing and motivating employees. By addressing these issues, a small business can improve its chances of avoiding failure and achieving long-term success.
Let’s say Bob wants to offer an insurance package to his employees that will cover any outpatient surgery charges, tooth sealants, and glasses. His total annual cost for providing these insurance plans will be $
per employee for the year.
Let’s assume that Schmidt wants to cover his employees’ expenses in case of disability. He also wants to ensure that the family of an employee is provided for in the event of an employee’s loss of life. The total annual cost for providing these insurance plans will be $
per employee.
Answers
Answer: its 480$ per person
Explanation:
just got 100
If you put up $45,000 today in exchange for a 6.4 percent, 15-year annuity, what will the annual cash flow be
Answers
The annual cash flow would be $4,755.18.
What would be the annual cash flows?The first step is to determine the future value of the lump sum amount: $45,000 x (1.064)^15 = $114,113.48
The second step is to determine the value of the equal cash flows. The formula that would be used is: future value / annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
=[ (1.064)^15 - 1] / 0.064 = 23.97735
$114,113.48 / 23.97735 = $4,755.18
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Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company’s processing departments:
Units in beginning inventory 400
Units started into production 3,000
Units in ending inventory 300
Units transferred to the next department 3,100
Materials Conversion
Percentage completion of beginning inventory 80 % 40 %
Percentage completion of ending inventory 70 % 60 %
The cost of beginning inventory according to the company’s costing system was $11,040 of which $8,120 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $132,730. The costs per equivalent unit for the month were:
Materials Conversion
Cost per equivalent unit $ 25.40 $ 18.20
1. Compute the total cost per equivalent unit for the month.
2. Compute the equivalent units of material and conversion in the ending inventory.
3. Compute the equivalent units of material and conversion that were required to complete the beginning inventory.
4. Compute the number of units started and completed during the month.
5. Compute the cost of ending work in process inventory for materials, conversion, and in total for the month.
6. Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month.
Answers
1. Total cost per equivalent unit $43.60
2. Equivalent unit in ending inventory 210; 180
3. Equivalent unit in beginning inventory 320; 160
4. Cost of unit started and completed 2,700
5. Cost of ending WIP $5,334 $3,276
Total $8,612
6. Cost of the units transferred to the next department $84,828 $54,972
Total $139,800
1. Computation the total cost per equivalent unit for the month.
Total cost per equivalent unit =$ 25.40 +$ 18.20
Total cost per equivalent unit=$43.60
2. Computation for the equivalent units of material and conversion in the ending inventory.
Material Conversion
Equivalent unit in ending inventory
300×70% = 210 300×60% = 180
3) Computation for the equivalent units of material and conversion that were required to complete the beginning inventory.
Material Conversion
Equivalent unit in beginning inventory 400×80% =320 400×40% = 160
4) Computation for the number of units started and completed during the month.
Cost of unit started and completed = 3,100-420
Cost of unit started and completed= 2,700
5. Computation for the cost of ending work in process inventory for materials, conversion, and in total for the month.
Material Conversion
Cost of ending WIP
210×$25.40=5,334 180×18.20=3,276
Total =5,334+3,276
Total=$8,612
6. Computation the cost of the units transferred to the next department for materials, conversion, and in total for the month.
Material Conversion
Cost of ending WIP (3,020×$25.40+$8,120) (2,860×$18.20+$2,920)
Cost of ending WIP $84,828 $54,972
Total=$84,828 +$54,972
Total=$139,800
(2700+320=3,020)
(2,700+160=2,860)
($11,040-$8,120=$2,920)
OR
Cost of units transferred out
Material Conversion
Cost of beginning work in progress 8,120+ 2,920
Total=11,040
Cost incurred on remaining work in progress =(320×$25.40) + (160×$18.20)
Total =8,128+2,912
Total =$11,040
Cost of unit started and completed during the month=(2,700×$25.40) (2,700×$18.20)
Total=68,580+49,140
Total=117,720
Cost of the units transferred to the next department =$11,040+$11,040+117,720
Cost of the units transferred to the next department =$139,800
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A piece of equipment is purchased by Great Notch Corporation on January 1 for $46,200. It is expected to have a useful life of four years after which it will have an expected residual value of $6,300. The company uses the straight-line method of depreciation for their equipment. If it is sold for $32,600 exactly two years after it is purchased, the company will record a: Multiple Choice gain of $7,250. gain of $6,350. loss of $6,350. loss of $7,250.
Answers
Answer:
gain of $6,350.
Explanation:
Depreciation expense each year = (cost of asset - residual value) / useful life
($46,200 - $6,300) / 4 = $9,975
Depreciation expense after two years = $9,975 x 2 = $19,950
Value of the equipment in two years = $46,200 - $19,950 = $26,250
If the equipment is sold for $32,600, the equipment would be sold at a profit
Profit = $32,600 - $26,250 = $6350
Jamal and Keisha each earn money by washing cars and mowing lawns.
Jamal can mow 4 lawns or wash 8 cars in one day. Keisha can mow 3 lawns or wash 9 cars in one day. They both charge $25 for each lawn and $15 for each car.
The chart shows their production after 3 days.
A 3-column table has 2 rows. The first column has entries Lawns, cars. The second column is labeled Jamal with entries 12, 24. The third column is labeled Keisha with entries 9, 27.
Jamal and Keisha are considering entering into an agreement to trade tasks.
How can specialization of labor benefit Jamal and Keisha? Check all that apply.
Jamal can specialize in washing cars, because he has the comparative advantage.
Keisha can specialize in washing cars, because she has the comparative advantage.
Specialization allows them to collectively mow 3 more lawns and wash 3 more cars every three days.
Specialization allows them to collectively mow 12 more lawns and wash 27 more cars every three days.
Specialization allows them to earn more money.
Answers
Answer:
Jamal and Keisha are considering entering into an agreement to trade tasks.
How can specialization of labor benefit Jamal and Keisha? Check all that apply.
Jamal can specialize in washing cars, because he has the comparative advantage.
Keisha can specialize in washing cars, because she has the comparative advantage.
Specialization allows them to collectively mow 3 more lawns and wash 3 more cars every three days.
Specialization allows them to collectively mow 12 more lawns and wash 27 more cars every three days.
Specialization allows them to earn more money.
The way in which labor specialization can be advantageous to Jamal, as well as, Keisha would be:
B). Keisha can specialize in washing cars because she has a comparative advantage.
C). Specialization allows them to collectively mow 3 more lawns and wash 3 more cars every three days.
F). Specialization allows them to earn more money.
The specialization of labor is characterized as the process in which the laborers are deployed for particular tasks in order to promote efficiency. In this process, the ability of laborers is successfully utilized as they are provided the job of their skill area which enhances productivity(effectively and efficiently).In the given case, the labor specialization would assist Jamal and Keisha in increasing their profits by designating the skill areas as per the expertise(Keisha in washing cars and Jamal in mowing lawns) they possess.
Thus, options B, C, and F are the correct answers.
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Typically, the _____ marketing plan covers marketing activities over a period of two to five years in the future. The _____ marketing plan, which is highly structured and detailed, is usually developed by a product manager and begins with marketing research and ends after 48 weeks with the approval of the general manager.
Answers
The long-range marketing plan enfolds marketing activities over a period of two to five years in the future.
Long-range marketing planThe annual marketing plan, which is positively structured and precise, is usually created by a product manager and begins with marketing research, and completes after 48 weeks with the approval of the general manager.
The long-term marketing strategy should enclose the "big picture" that you are trying to accomplish with your marketing efforts. Your long-term marketing plan will generally be in place for six month to a year or more.
The purpose of the long-range plan is to bypass random, non-specific growth and focus the organization's skills on those areas where it excels, such as creating high-quality consumer goods.
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some opening and closing shift associates are upset with how each group is leaving their areas. They disagree on who is responsible for each task.
Answers
Some opening and closing shift associates are upset with how each group is leaving their areas because they disagree on who is responsible for each task and that cause a conflict.
What is a conflict ?Conflict can be described as the disagreement that do exist between two or more parties as a result of not reaching agreement or different point of view on a particular point.
It should be noted that Some opening and closing shift associates are upset with how each group is leaving their areas because they disagree on who is responsible for each task and that cause a conflict.
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Zeke is working on a big project at work with his colleagues. Zeke's role is considered the Co-ordinator according to Dr. Belbin's Team Roles. What is MOST likely one of Zeke's main responsibilities?
He performs quality control to make sure the finished product is perfect.
He shares his deep, expert knowledge of the main topics involved.
He brainstorms new ideas when everyone has run out of creativity.
He prepares a spreadsheet with everyone's tasks and deadlines.
Answers
D) He prepares a spreadsheet with everyone's tasks and deadlines is most likely one of Zeke's main responsibilities as a coordinator according to Dr. Belbin's Team Roles.
Here's why:
- Dr. Belbin's Team Roles identify nine different roles that people play in a team, such as coordinator, team worker, implementer, and so on.
- The coordinator is the person who clarifies goals, promotes decision-making, delegates tasks, and coordinates the team's efforts.
- Preparing a spreadsheet with everyone's tasks and deadlines is a common way for coordinators to keep track of the team's progress and ensure that everyone is on the same page.
- While quality control, expert knowledge sharing, and brainstorming are important tasks in a team, they are more likely to be performed by other team roles, such as monitor evaluator, specialist, and plant, respectively.
Firms HL and LL are identical except for their financial leverage ratios and the interest rates they pay on debt. Each has $23 million in invested capital, has $3.45 million of EBIT, and is in the 25% federal-plus-state tax bracket. Firm HL, however, has a debt-to-capital ratio of 50% and pays 12% interest on its debt, whereas LL has a 30% debt-to-capital ratio and pays only 10% interest on its debt. Neither firm uses preferred stock in its capital structure. Calculate the return on invested capital (ROIC) for each firm. Round your answers to two decimal places.
Answers
Answer:
ROIC for firm HL = 11.25%
ROIC for firm LL = 11.25%
Explanation:
Given:
EBIT = $3,450,000
Tax rate = 25%
Invested capital = $23,000,000
Note that the information above is the same for both firms HL and LL. This implies that their ROIC will be the same as calculated below:
ROIC = (EBIT * (100% - Tax rate)) / Invested capital ……………………. (1)
Substituting the values into equation (1), we have:
ROIC = ($3,450,000 * (100% - 25%)) / $23,000,000 = 0.1125, or 11.25%
Therefore, we have:
ROIC for firm HL = 11.25%
ROIC for firm LL = 11.25%
Manuel, who works for a multinational company, is often put in teams consisting of people from different cultures. Manuel finds it difficult to function in these teams because, unlike the others, he comes from a culture where building his personal "brand" is emphasized. His culture emphasizes:________.Individualism
A. Ethnocentrism
B. Collectivism
C. Cooperation
D. Group identity
Answers
Answer:
Individualism
Explanation:
As it is mentioned in the question that Manuel finds difficult to do the work in a team as he comes from his personal brand i.e building so his culture represents the individualism as he does not work as a team he wants to work individually as he is not comfortable or he has reserve nature i.e he does not open up with easily.
Hence, in the given case, the correct option is Individualism