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    71) The world's second largest religion is ________. A) Judaism B) Hinduism C) Islam D) Confucianism   72) Nations governed by which religion segregate the sexes at certain activities and locations such as in school? A) Confucianism B) Hinduism C) Buddhism D) Islam   73) For Hindus, the highest goal of life is ________. A) moksha B) halal C) kosher D) material wealth   74) A company that.
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    11) In China, family relationships rarely enter the business environment.   12) The biggest contributor to China's unemployment rate is its reunification with Hong Kong.   13) When China regained control of Hong Kong, it promised to implement a "one country, two systems" scenario to support economic and political freedom in Hong Kong. 14) China.
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    101) ________ is the set of values, beliefs, rules and institutions held by a specific group of people.   102) The belief that a person's ethnic group or culture is superior to that of others is called ________.   103) ________ refers to detailed knowledge about a culture that enables a person to function.
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    41) In China, businesspeople do which of the following? A) Follow a strategy for forming business relationships that is similar to their American counterparts B) Focus on establishing tight formal contracts C) Place greater importance on written contracts than on personal relationships D) Establish a trusting relationship before proceeding with business   42) One of the.
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    91) Which of the following is most likely to assist Sandy in keeping a low profile? A) Dressing like the locals whenever possible and avoiding expensive jewelry B) Participating in public demonstrations attended by large local crowds C) Streamlining financial transactions by paying for expenses with large denominations D) Maintaining the ability to cover.
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    81) Which of the following would likely experience the LEAST amount of cultural diffusion? A) Two subcultures located on a coast with navigable waterways B) Two subcultures separated by an impassable mountain range C) Neighboring cultures located adjacent to each other on a land mass D) Neighboring cultures located next to each other in.
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    11) In politicized bureaucracies, bureaucrats tend to implement decisions according to their own political views rather than those of the people's representatives. 12) A participative democracy combined with free markets and property rights guarantees strong economic growth. 13) In every country, the rate of economic growth is primarily determined by its degree.
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    31) Businesspeople who accept the risks and opportunities involved in creating and operating new business ventures are called ________. A) managers B) supervisors C) entrepreneurs D) central planners   32) A country's ________ system consists of the structure and processes it uses to allocate its resources and conduct its commercial activities. A) political B) economic C) social D) cultural 33) A.
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    101) Economic systems in ________ cultures tend to provide incentives and rewards for individual initiative. 102) ________ cultures tend to offer few incentives and rewards for individual initiatives.   103) ________ is rooted in the ideology that the welfare of the group is more important than individual well-being. 104) The notion of central economic.
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  121) Identify the significant cultural issues involved when evaluating the attractiveness of a particular location as a place for doing business. 122) Explain the concept of culture. Why is it important to avoid ethnocentricity and gain cultural literacy?   123) Describe two ways in which nation-states support and promote national culture, giving.
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    111) ________ risk threatens companies within a particular industry or even smaller groups. 112) The forced transfer of assets from a company to the government without compensation is called ________.   113) ________ of an industry means government takeover of the entire industry.   114) The ________ insures U.S. companies that invest abroad against loss.
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    111) A company that is able to control a product's supply and, therefore, its price is considered a(n) ________.   112) Policies that control the money supply and interest rates are known as ________ policies.   113) The broadest measure of economic development is ________.   114) ________ is the value of all goods and services.
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1) China is developing its economy based on natural resources and cheap labor while India is relying on the brainpower of its people.   2) Incentives and rewards for individual business initiatives are an important component of collectivist cultures.   3) Collectivist cultures tend to offer fewer incentives and rewards than individualist cultures.   4) Entrepreneurs.
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    101) A(n) ________ system includes the structures, processes, and activities by which a nation governs itself.   102) ________ political participation occurs when few people participate in the political process.   103) Totalitarian governments tend to share three features: ________, ________, and ________.   104) Under a(n) ________ political system, religious leaders enforce laws and regulations.
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    111) Two types of customs are ________ and ________ customs.   112) A(n) ________ is behavior, often dating back several generations, that is practiced by a homogeneous group of people.   113) A(n) ________ is behavior shared by a heterogeneous group of people or by several groups.   114) Collections of two or more people who.
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    31) Pure Internet companies ________. A) can avoid local laws and politics since they do not have a physical presence in other countries B) must adapt to local politics and law, just like brick-and-mortar companies must do C) are exempt from most local regulations because of their unique intangible nature D) should act according.
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    71) A philanthropical organization wishes to bring an assistance initiative to a country with a low GNI. Which of the following would the organization most likely choose? A) Angola B) Syria C) Eygpt D) Madagascar   72) After a natural disaster, an organization ranks the affected countries in terms of their gross national income and.
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    41) A totalitarian political system is marked by which of the following? A) Narrow participation B) Total participation C) Wide participation D) Public referendums   42) North Korea is an example of which of the following types of government? A) Totalitarian B) Democratic C) Theocratic D) Anarchistic   43) When a country's religious leaders are also its political leaders, its political system.
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1) Anarchism is the belief that every aspect of people's lives must be controlled in order for a nation's political system to be effective.   2) Pluralism is the belief that only individuals and private groups should control a nation's political activities.   3) Totalitarian political systems include authoritarian regimes such as communism and.
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    91) Hearing Ketan's comment, Tom responded, "I believe that salvation comes from faith in God and that hard work gives glory to God. So my friend, work hard and have faith in God." Based on this comment, which religion does Tom most likely practice? A) Protestantism B) Buddhism C) Islam D) Confucianism   92) To celebrate.
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    71) The Nike "Swoosh" is an example of a ________. A) patent B) fad C) copyright D) trademark   72) A bootleg Prada backpack that costs $500 in New York but sells for $100 in Rome is an example of which of the following? A) Patent infringement B) Pirated product C) Copyright violation D) Standardized product 73) Governments impose which of.
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    51) When Russian politicians complain about the Snickerization of their culture, they are complaining about which of the following? A) Lingua franca B) Social mobility C) Cultural identification D) Cultural imperialism 52) When a manager walks employees through every step of an assignment and monitors the results at each stage, this process is called ________. A).
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    91) The first question that Stephanie addresses concerns the relative importance of contacts versus contracts in China. She expects participants to ask: "Which is more important, contacts or contracts?" Which of the following is the most effective response Stephanie could give to this question? A) Contracts are critical because of their.
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    61) ________ is the forced transfer of assets from a company to the government with compensation. A) Expropriation B) Nationalization C) Confiscation D) Localization   62) All of the following are methods used by companies to manage political risk EXCEPT ________. A) political influence B) information gathering C) adaptation D) expropriation   63) Which of the following is NOT a method of.
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  135) Explain the purpose of antitrust laws. How would the Friedman philosophy of corporate social responsibility most likely support a decision by a company to expand internationally into a country with weak antitrust laws? Include a description of the Friedman philosophy in your answer. 136) Describe the Foreign Corrupt Practices Act,.
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    51) Under which of the following political systems are government leaders elected directly by the wide participation of the people or by their representatives? A) Democracy B) Theocracy C) Communism D) Totalitarianism   52) Most democratic nations practice ________, in which citizens elect individuals from their groups to help govern the people and pass laws. A) public.
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    81) An oil company is considering establishing operations in a foreign country that represses human rights. Which of the following would best support the position a human rights activist would take regarding the company's entry into that market? A) The firm should establish operations in the country because it would help.
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  124) Why is it important for firms to recognize and understand the concept of subculture? Provide an example with your answer. 125) Describe any three major components of culture.   126) Provide a definition of attitudes. How do attitudes differ from values?  How do cultures differ in their attitudes toward cultural change?       .
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    61) The practice whereby managers and other employees often try to find jobs inside their own companies for relatives is known as ________. A) insider hiring B) nuclear family association C) nepotism D) social stratification   62) Which of the following terms is used to refer to a collection of two or more people who identify.
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  129) Describe the importance of a nation's legal system, and identify the main differences between the three main types of legal systems. 130) Explain the risk-management method of "adaptation." Why would it most likely be less costly and time-consuming to pursue this method in a nation that practices civil law rather.
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    51) Which of the following is the main goal of privatization? A) Reduce responsibility and accountability B) Increase economic efficiency C) Increase subsidies to companies D) Slow economic growth   52) In a market economy, nearly all economy-related decisions are determined by the interplay of ________. A) government and individuals B) supply and demand C) customers and employees D) large.
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    61) In a market economy, ________ allows most prices to rise and fall to reflect the forces of supply and demand. A) free choice B) free enterprise C) price flexibility D) laissez-faire   62) When one company is able to control a product's supply—and therefore its price—it is considered a(n) ________. A) state-owned company B) monopoly C) underground company D).
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