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This study guide provides definitions and explanations of key vocabulary terms relevant to mba programs. It covers concepts related to diversity, culture, communication, and globalization, offering a concise overview of essential terms for understanding business and management principles. The guide is particularly useful for students preparing for mba exams or those seeking to enhance their understanding of core business vocabulary.
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Bias - ✔✔Prejudice Collectivism - ✔✔An emphasis on group work and accomplishments Connotation - ✔✔Associated or underlying meaning. Cultural Sensitivity - ✔✔The willingness to adjust your opinions and behaviors so that you value people and ideas from other cultures. Culture - ✔✔The customs, habits, and traditions of a particular group of people. Diversity - ✔✔All the ways in which people differ. Ethnocentrism - ✔✔The belief that your own culture is naturally better than other cultures. Globalization - ✔✔The rapid and unimpeded flow of capital, labor, and ideas across national borders. Ignorance - ✔✔Lack of knowledge or information.
Individualism - ✔✔An emphasis on independent work and accomplishments. Negotiation - ✔✔The process of one person reaching an agreement with another person to meet specific needs or wants. Nonverbal Communication - ✔✔Communication that uses body language instead of words or to support words. Prejudice - ✔✔Opinion or judgment that is based on feeling or hearsay, rather than fact; bias. Primary Dimensions of Diversity - ✔✔Inborn differences that cannot be changed and affect a person's entire life; include such characteristics as age, race/ethnicity, nationality, sexual orientation, and certain physical and mental traits and abilities. Secondary dimensions of diversity: Differences that may change at various points throughout one's lifetime; include such characteristics as language, religion, income, geographic location, family status, work experience, communication style, and education level - ✔✔Differences that may change at various points throughout one's lifetime; include such characteristics as language, religion, income, geographic location, family status, work experience, communication style, and education level. Stereotype - ✔✔A set image or an assumption about a person or thing.