Though many aspects of private life & community life differ from culture to culture, in most developed countries business is conducted more or less in the same way. True or False

False.

Explanation:

This statement is false, due to the fact that each developed or underdeveloped country has its particularities and individual characteristics of business conduct, influenced by culture and the way of living.

The identity of a country determines significantly how the organizational culture will be, which is the set of values, beliefs and habits exercised and shared by all members of an organization. So it is false to say that every developed country conducts business in the same way.

It is necessary that in a globalized environment, managers adopt an ethical and global stance, where respect for local culture is prioritized, and there is no overlapping of values, but rather an adaptation to the way of acting and the cultural values of a place, to that opportunities are extracted to the maximum and that there is a respectful and positive organizational climate for all.