Questions)
1. What is political risk? Give an example of how political risk can affect an MNC.
2. What is the difference between parochialism and ethnocentrism?
3. What is the difference between high-context and low-context cultures? In which type of
culture would you prefer to work? Why?
4. Briefly define the ethnocentric, polycentric, regiocentric, and global staffing approaches.
5. What are the different stages of culture shock as described by Oberg?
