Impact of Changing Culture on Business & Economics


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The best definition of a tariff is:

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1. An international company operating in a _____ culture would likely find the business environment difficult or even hostile.

2. When a political culture is such that government oversight or monitoring of customers and retailers is permitted:

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About This Quiz & Worksheet

These assessments will quiz your knowledge of cultural changes and how they impact business and economics. When you answer the multiple-choice questions, you'll be responsible for topics like a definition of a tariff and a type of culture that an international company might find hostile.

Quiz & Worksheet Goals

Consider these topics for the quiz:

  • Outcome of a political culture when government oversight/monitoring of customers and retailers is allowed
  • Important attribute of an organization that's likely to be impacted by a cultural change
  • Philosophy associated with unlawful goods or services that will eventually be sold through a black market system of commerce

Skills Practiced

  • Defining key concepts - make sure you can accurately define tariffs
  • Knowledge application - use your knowledge to answer questions about a type of culture that an international company might find hostile and an important characteristic of a company that's likely to be impacted by a change in culture
  • Information recall - access the knowledge you've gained regarding cultures where government oversight and the monitoring of customers and retailers is permitted

Additional Learning

Feel free to keep exploring the subject of international commerce in the lesson titled Impact of Changing Culture on Business & Economics. These topics will be covered in greater detail:

  • Cultural impact of CVS's decision to no longer sell tobacco products
  • Opium production in Afghanistan and its cultural longevity in the country
  • Changes to international business relations during the Trump administration
  • Two opposing cultures of recreational marijuana retailers in Colorado
  • Successful business strategies for adapting and thriving through cultural change