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Study Resources (Business Management)

    71) Which of the following measures the extent to which a government equitably provides its people with a long and healthy life, an education, and a decent standard of living? A) category development index B) gross national product index C) human development index D) purchasing power index 72) A company is conducting a research on.
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    21) Barter is an alternative for buyers who lack money needed to pay for imports.   22) The concept of purchasing power parity (PPP) must be applied to understand the true value of a currency in its home country.   23) The human development index (HDI) demonstrates that high national income alone guarantees human.
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    31) The Toro-Hessians are a minority group in the Margoza Archipelago, with a set of preferences, attitudes, and taboos, distinct from that of the national culture. Therefore, they are often overlooked when foreign businesses choose to customize their products for the inhabitants of the islands. The Toro-Hessian community is an.
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    41) France, Germany, and Sweden are examples of ________. A) centrally planned economies B) market economies C) closed economies D) mixed economies   42) In which of the following economies would manufacturing firms most likely produce defective products due to low incentives for quality outputs? A) centrally planned economies B) market economies C) closed economies D) mixed economies   43) The selling.
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  95) Compare and contrast the purposes of the World Bank and the International Monetary Fund.   96) Globalization's impact on jobs and wages is an important topic for debate. Discuss the major points for globalization in the jobs and wages debate, and describe how the actions of large multinational corporations affect the.
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    71) Which of the following philosophies maintains that a company's sole responsibility is to maximize profits for its owners? A) utilitarian view B) righteous moralist view C) Friedman view D) cultural relativist view   72) The ________ view states that a company should adopt local ethics wherever it operates because all belief systems are determined within.
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    81) Upon what assumption does their argument rest? They argument assumes that ________. A) the people of France prefer English music and movies to French music and movies B) the people of France no longer speak French C) the people of other countries aren't open to French cultural elements D) Hollywood movies don't have French.
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    31) ________ political systems include democracies, constitutional monarchies, and some aristocracies. A) Totalitarian B) Anarchist C) Fascist D) Pluralistic 32) Konesia is a country whose political leaders do not tolerate opposing viewpoints and often suppress or punish dissidents. The lives of Konesians are tightly controlled by its rulers. Which of the following political systems prevails.
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    11) Central planning led to little economic growth and consistently low standards of living.   12) A centrally planned economy gives individuals access to alternative purchase options. 13) An economic system based on public ownership fosters growth much better than an economy based on private ownership.   14) The Chinese term "guanxi" means government ownership.   15).
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    61) Crystal inc. is a multifaceted company that deals with the mining, cutting, and selling of diamonds. It gives distributors and suppliers access to its database to place orders or restock inventories electronically and automatically. Which of the following is the network implemented in the company? A) intranet B) chaosnet C) extranet D) ethernet   62).
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    21) Product liability laws hold only manufacturers responsible for damage, injury, or death caused by defective products.   22) Developing nations have the toughest product liability laws, while developed countries have more relaxed laws.   23) A value-added tax is a tax levied on each party that adds value to a product throughout its.
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    1) China relies on its cheap labor for economic development and India on the brainpower of its people.   2) Incentives and rewards for individual business initiatives are an important aspect of collectivist cultures.   3) Individualist cultures tend to offer fewer incentives and rewards than collectivist cultures.   4) Entrepreneurs are businesspeople who accept the.
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    71) A special region in which companies can engage in tariff-free importing and exporting is called a(n) ________. A) preferential trade area B) export-processing zone C) customs union D) economic union   72) To minimize the economic inequality within developing nations, studies suggest that the nations can boost incomes of their poorest citizens by ________. A) rejecting.
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    31) Which of the following statements is true of a centrally planned economy? A) Individual concerns are as important as the government's concerns. B) Consumers determine the prices of products and labor. C) Factories are privately owned. D) The government sets the production goals.   32) In most centrally planned economies that failed, ________. A) market conditions.
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    81) Ureshi Toys selling its products to Topsy Turvey Toys is an example of ________. A) outsourcing B) insourcing C) exporting D) importing   82) The products that Ureshi Toys manufactures are examples of ________. A) global products B) niche products C) intangible products D) customized products   83) Ureshi Toys is an example of a(n) ________. A) domestic company B) multinational company C) direct.
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    81) Susan also decides not to set up production facilities in Margazo, a country which functions by a strict set of religious tenets, because some of them contradict her company's work policy. Expecting potential employees to break away from these traditions is not an option since religion plays an important.
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    21) Material culture often displays uneven development across a nation's industries.   22) Businesspeople measure material culture to determine whether a market can support production activities.   23) People in collectivistic cultures are given freedom to focus on personal goals.   24) A culture with small power distance tends to be characterized by considerable inequality.
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    41) ________ facilitate(s) the process of cultural imperialism. A) Strict product liability laws B) Relaxed trade and investment barriers C) Technological stagnation D) Social media censorship   42) ________ refers to the replacement of one culture's traditions, folk heroes, and artifacts with equivalents from another. A) Cultural imperialism B) Social stratification C) Cultural encoding D) Social conditioning   43) The sale of.
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    81) Stephanie also expects participants to ask: "Are the Chinese as formal and business-oriented as Americans are?"  Which of the following would most likely be Stephanie's response? A) The Chinese operate very much like Americans, for them business is more important than pleasure. B) The Chinese dislike guessing games; give them your.
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    51) Which of the following terms is used to refer to the process of ranking people into social layers or classes? A) social transformation B) social stratification C) social loafing D) social mobility 52) ________ tend to occupy the highest social layer in industrialized countries. A) Teachers B) Scientists C) Medical doctors D) Business leaders   53) ________ refers to the.
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    11) A culture's values tend to become more flexible over time.   12) Folk customs that spread by cultural diffusion to other regions develop into popular customs. 13) A nuclear family comprises of one's immediate family, along with grandparents, uncles, aunts, and cousins.   14) Social status is determined by family heritage, income, and occupation.   15).
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    41) Under ________ the government endorses private ownership of property and a market-based economy but grants little or no political freedom. A) left-wing totalitarianism B) theocratic totalitarianism C) secular totalitarianism D) right-wing totalitarianism 42) Which of the following terms is also used to refer to communism? A) tribal totalitarianism B) right-wing totalitarianism C) left-wing totalitarianism D) civil totalitarianism   43) Which.
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    71) According to Hofstede's framework, a culture with large power distance tends to be characterized by ________. A) inequality between superiors and subordinates B) the absence of any form of hierarchy C) power derived from hard work and entrepreneurial drive D) a preference for individualism over collectivism   72) Sally, a social worker from the.
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    11) Economic socialism won the battle over communist totalitarianism and capitalism. 12) A solid grasp of local values, customs, and traditions can help reduce a company's exposure to political risk.   13) Expropriation involves the forced transfer of assets from a company to the government without compensation.   14) Among asset seizure approaches, expropriation is.
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    1) In a totalitarian system, rulers tightly control people's lives and do not tolerate opposing viewpoints.   2) 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.   3) Pluralism is the belief that only individuals and private groups should.
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    51) Laissez-faire economics refers to ________. A) less government interference in commerce and greater individual economic freedom B) a government-controlled system with less economic freedom at the individual level C) a centrally planned economic system D) creating monopolies through government partnership   52) To function smoothly and properly, a market economy requires ________. A) government partnership B) the.
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    61) Which of the following terms is used to refer to the departure of highly educated people from one profession, geographic region, or nation to another? A) social mobility B) repatriation C) stratification D) brain drain   62) Over the last ten years, nearly 90% of medical graduates from Konesia have left the country for higher-paying.
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    1) The first step in analyzing a nation's potential for international business activity is to examine its business climate.   2) Ethnocentricity facilitates the establishment of new businesses abroad.   3) Subcultures mimic the values, preferences, and beliefs of dominant cultures.   4) Subcultures do not exist in democratic countries with large populations.   5) Hispanics comprise a.
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  93) Identify the World Trade Organization's (WTO) three main goals and explain how the WTO differs from the General Agreement on Tariffs and Trade (GATT). 94) One argument in the debate surrounding globalization is about the inequality between nations. Discuss the major points of the inequality between nations argument and describe.
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    61) Shimmer and Sparkle is an American jewellery store which discovers that several shops in developing countries are selling counterfeited necklaces under their name and label. Which of the following problems are they facing? A) patent expiration B) trademark infringement C) copyright expiration D) monopolization 62) Which of the following is an example of a.
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    61) Which of the following would most likely characterize a nation with a low degree of economic freedom? A) low government intervention B) protected property rights C) strict trade policies D) low tariffs   62) Which of the following terms refers to the broadest measure of economic development of a country? A) gross domestic product (GDP) B) purchasing.
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    51) Which of the following terms refers to the forced transfer of assets from a company to the government without compensation? A) expropriation B) nationalism C) nationalization D) confiscation   52) ________ is the forced transfer of assets from a company to the government with compensation. A) Expropriation B) Nationalization C) Confiscation D) Localization   53) ________ refers to the takeover of.
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  100) 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. 101) Describe the Foreign Corrupt Practices Act,.
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