Final answer:
A geocentric company sends younger managers to foreign locations for up to a year without specific job responsibilities to immerse them in the global company culture and practices. Ethnocentrism is the belief in the superiority of one's own culture over others. Multinational corporations have a variety of characteristics, but being headquartered primarily in the United States is not one of them.
Step-by-step explanation:
The company that sends younger managers to certain foreign locations for as long as a year with no specific job responsibilities is known as a geocentric company. These businesses adopt a global strategy, recognizing the need to understand local markets but also leveraging a diverse workforce across international boundaries to promote a shared company culture and vision. This approach contrasts with an ethnocentric company, which may favor home-country individuals for management positions, or a polycentric company, which would typically hire host country nationals to manage subsidiaries. Unlike the regiocentric company that focuses on specific regions, geocentric companies aim to use the best talent available regardless of nationality.
Addressing another concept related to international business practices, the belief that one's own culture is superior to another is known as ethnocentrism, which can influence a company's approach to global management and staffing.
In the context of multinational corporations (MNCs), one of the incorrect characteristics listed is that they are headquartered primarily in the United States, whereas MNCs can be based in various countries around the world. MNCs typically operate without regard to national borders, draw their capital from diverse nationalities, and can potentially concentrate wealth in core nations.