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Study Resources (Business Management)

    11.The economic freedom associated with a market economy creates greater incentives for innovation and entrepreneurship than either a planned or a mixed economy.      12.Privatization refers to the process of hiring private management consultancy firms to manage state-owned enterprises.      13.The state can expropriate the profits from innovation through legal means.      14.Peruvian development economist Hernando.
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    11.Individualism has led to a high degree of managerial mobility between companies resulting in managers who have good general skills but lack company-specific experience.      12.The emphasis on the individual in the United States may raise the costs of doing business due to its adverse impact on managerial stability and cooperation.      13.In countries.
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  94.Since the 1980s, there has been a transformation from centrally planned command economies to market-based economies. What is the rationale for this transformation?            95.What is deregulation? What are the steps involved in the deregulation of a command economy?            96.Is privatization by itself enough to guarantee economic growth? Why? Explain using an example.            97.How.
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    41.The value systems and norms of a country are unrelated to the costs of doing business in that country.      42.The connection between culture and competitive advantage has important implications for the choice of countries in which to locate production facilities and do business.      43.Because of its individualistic mindset, Japanese culture is more.
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  93.Why do managers behave in a manner that is unethical?            94.Why are expatriate managers at a greater risk of violating their personal code of ethics?            95.Explain the Friedman doctrine. Who developed the philosophy? How well does this approach hold up ethically?            96.Discuss the cultural relativism approach to business ethics. What is the connection.
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    61.A free market economy in which property rights are protected leads to subsequent economic growth, which often leads to the establishment of:    A. a democratic regime.   B. a planned economy.   C. government owned enterprises.   D. a socialist economy.     62.The political economy of many of the world's nation-states has changed radically since the late 1980s. All of the following are.
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  89.What is the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions?            90.In your opinion, are bribes ever acceptable? Why or why not?            91.Discuss the notion of social responsibility. What does it mean for corporations?            92.What are ethical dilemmas? Why do they exist?                .
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    31.Since English is often thought of as the global language of business, it is not important for an American business executive to learn foreign languages.      32.Unspoken language refers to nonverbal communication.      33.Education plays an important role, from an international business perspective, as a determinant of national competitive advantage.      34.Hofstede's study found that in.
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  90.Explain how geography of a nation influences its economic development.            91.Why does education lead to economic development?            92.Discuss the three main reasons for the spread of democracy.            93.Discuss Samuel Huntington's views on Islamic fundamentalism.                .
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  93.Discuss why the stratification of a society is important to business.            94.What is the connection between religion and ethical systems? Do they have any implications for business?            95.Discuss the ideas of Max Weber. What is the Protestant work ethic? Why is it important to the world economy?                .
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    51.The HDI is based on all of the following measures EXCEPT:    A. life expectancy at birth.   B. political freedom.   C. educational attainment.   D. whether average incomes are sufficient to meet the basic needs of life.     52.____, a Nobel Prize-winning economist, has argued that development is not just an economic process, but it is a political one as well.    A. Hernando de.
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    81.The _____ dimension of Hofstede's study explores how a society deals with the fact that people are unequal in physical and intellectual capabilities.    A. power distance   B. individualism versus collectivism   C. uncertainty avoidance   D. masculinity versus femininity     82.The individualism versus collectivism dimension of Hofstede's study explored:    A. the extent to which different cultures socialized their members into accepting ambiguous situations and.
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    21.The utilitarian approach to ethics is a straw men approach to business ethics that has some inherent value, but is unsatisfactory in important ways.      22.Milton Friedman's basic position is that the only social responsibility of business is to increase profits, so long as the company stays within the rules of law.      23.The.
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    41.It is in the best interest of prospective employees to find out all they can about the ethical climate in an organization.      42.To foster ethical behavior, many businesses draft a code of ethics, which is an informal statement of the ethical priorities the company follows.      43.Ethics officers are hired by many businesses.
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    21.Many totalitarian regimes were able to deliver economic progress to the vast bulk of their populations, which curbed the spread of democracy during the late 1980s.      22.New information and communication technologies have enabled the spread of democratic ideals.      23.One of the reasons for the spread of democracy is the emergence of increasingly.
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    21.According to Max Weber, Protestantism encouraged capitalism's development by emphasizing the importance of wealth creation and frugality.      22.Like Christianity and Judaism, Islam is a polytheistic religion.      23.The Koran speaks disapprovingly of free enterprise.      24.The protection of the right to private property is embedded within Islam.      25.The mudarabah contract is the most widely used Islamic.
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    71.Which of the following persons believed that people should be treated as ends and never purely as means to the ends of others?    A. John Stuart Mill   B. Immanuel Kant   C. Milton Friedman   D. David Hume     72.The United Nations Universal Declaration of Human Rights, related to employment, upholds all of the following EXCEPT:    A. just and favorable work conditions.   B. equal pay for.
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  Essay Questions  85.What are business ethics? What is the relationship between business ethics and an ethical strategy?            86.What is considered normal practice in one country may be considered unethical in others. Discuss.            87.Discuss how companies such as Exxon, Kodak, and IBM helped improve human rights in South Africa.            88.Should a multinational feel free to.
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    71._____ involves removing legal restrictions to the free play of markets, the establishment of private enterprises, and the manner in which private enterprises operate.    A. Deregulation   B. Trade certification   C. A product law   D. A liability law     72.Which of the following is an example of deregulation?    A. A country that implements a simplified income tax filing system   B. A country that takes over.
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  True / False Questions  1.Ethical strategies are the accepted principles of right or wrong governing the conduct of businesspeople.      2.What is considered normal business practice in one country may be considered unethical in other countries.      3.The Sullivan principles mandated that GM could operate in South Africa as long as the company complied with.
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    11.Adam smith argued that countries should specialize in the production of goods for which they have an absolute advantage.      12.According to Ricardo's theory of comparative advantage, countries should produce all the products for which they have an absolute advantage.      13.According to Ricardo's theory of comparative advantage, countries shall not produce a good.
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  97.Discuss the ways in which public action to violate property rights can occur.            98.Discuss the Foreign Corrupt Practices Act.            99.Discuss the different ways to protect intellectual property.            100.What is product liability?                .
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    11.In a business setting, noblesse oblige is taken to mean benevolent behavior that is the responsibility of successful enterprises.      12.Social responsibility refers to the idea that businesspeople should favor decisions that have both good economic and social consequences.      13.The ethical obligations of a multinational corporation toward employment conditions, human rights, environmental pollution,.
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    51._____ are the routine conventions of everyday life.    A. Folkways   B. Mores   C. Rites   D. Beliefs     52._____ are social conventions concerning things such as the appropriate dress code in a particular situation, good social manners, eating with the correct utensils, neighborly behavior, and the like.    A. Values   B. Beliefs   C. Mores   D. Folkways     53.An act, as simple as shaking hands when meeting new people is an example of:    A. values.   B. symbolic.
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  102.What are the factors that determine the costs of doing business in a country?            103.Why does doing business in a country with a relatively unsophisticated economy result in increased costs?            104.Describe how overinvestment led to the 1997-98 financial crises in Southeast Asia.            105.What are the factors that contribute to the risks of doing.
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  Essay Questions  86.What is gross national income? Is it related to purchasing power parity?            87.What is the philosophy of AmartyaSen?            88.What are the conditions required to encourage innovation and entrepreneurship?            89.Why are democratic regimes more conducive to economic growth than dictatorships?                .
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  True / False Questions  1.Gross national income per-capita data take into account differences in the cost of living.      2.GNI per capita can be adjusted by purchasing power to account for differences in the cost of living.      3.GNI allows a more direct comparison of living standards in different countries.      4.The base for the purchasing power.
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  102.Why is the role of education in a culture important to international companies?            103.Describe the four dimensions of culture as identified by Geert Hofstede.            104.Discuss the limitations of Hofstede's research.            105.Discuss Confucian dynamism. Explore the debate over whether Confucian dynamism is good for an economy.                .
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    31.Privatization reduces the incentive of business owners to increase productivity, enter new markets, and to exit losing ones.      32.Studies of privatization in central Europe have shown that the process often fails to deliver predicted benefits if the newly privatized firms continue to receive subsidies from the state and if they are.
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  93.What is a country's legal system? Why is it important to international businesses?            94.Explain the differences between common law and civil law systems by the approach of each to contract law.            95.What is the United Nations Convention on Contracts for the International Sale of Goods (CIGS)?            96.What is private action?                .
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    71.Max Weber theorized that there was a relationship between Protestantism and the emergence of modern capitalism because:    A. Protestant ethics emphasize the importance of hard work and wealth creation and frugality.   B. Protestantism promotes the hierarchical domination of religious and social life.   C. Protestantism states that spiritual growth is more important than material wealth.   D. Protestantism promotes blind.
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  Essay Questions  89.Compare and contrast folkways and mores.            90.Discuss the relationship between society and the nation-state.            91.What are the determinants of culture?            92.Explain the concept of social stratification.                .
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    51.The idea that businesspeople should consider the social consequences of economic actions when making business decisions and that there should be a presumption in favor of decisions that have both good economic and social consequences is known as:    A. moral relativism.   B. noblesse oblige.   C. ethical dilemma.   D. social responsibility.     52.Which of the following, in a business setting, is.
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    61.A multinational company is accused of paying bribes to the government of a host country to obtain permission to build a production factory. The public relations manager of the company defends the company's actions as being ethically sound; he states that in the host country, paying bribes to government officials.
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  True / False Questions  1.Free trade refers to a situation where a government does not attempt to influence through quotas or duties what its citizens can buy from another country.      2.The theories of Smith and Ricardo show that countries should not engage in international trade for products that it is able to.
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  106.Economic advancement and globalization are prompting societal change. Discuss this statement.            107.What are the implications of cultural differences for international businesses?            108.Discuss the relationship between culture and national competitive advantage?              .
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  85.Discuss individualism. Explain the key positions of the philosophy, it roots, and its role in the modern economy.            86.Compare and contrast a pure democracy and a representative democracy. Which type of democracy is more common today? Why?            87.How do countries with representative democracies ensure that their elected officials are held responsible for.
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  99.Consider the influence of Confucian ethics on the economies of China, Japan, South Korea, and Taiwan.            100.Discuss the spoken language. Which is the most spoken language in the world? What language is used in business? Is it important to learn a foreign language?            101.Consider the importance of unspoken language. Why is it.
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    41.A country's economic system and property rights regime are reasonably good predictors of economic prospects.      42.Countries with free market economies in which property rights are protected tend to achieve lower economic growth rates than command economies where property rights are poorly protected.      43.It may be more costly to do business in relatively.
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  97.Discuss the naive immoralist's approach to business ethics. What are the criticisms of this approach?            98.Discuss the utilitarian approach to business ethics. When was this approach developed? What are its drawbacks?            99.What is the veil of ignorance? Why is it important to business?            100.What are the ways in which international business and its.
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  True / False Questions  1.In today's world of global communications, rapid transportation, and global markets, cultural differences have ceased to exist.      2.Culture is not static.      3.Norms are abstract ideas about what a group believes to be good, right, and desirable.      4.The term society is another name for a country; each country has a single.
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    31.The utilitarian approaches to ethics hold that the moral worth of actions or practices is determined by their consequences.      32.Utilitarian philosophy takes into consideration the principle of justice.      33.Rights theories recognize that human rights and privileges are culturally determined and vary from country to country.      34.According to Rawls, inequalities are unjust even if.
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  89.Identify the three types of economic systems. How do these three types of economic systems differ from each other? How are they the same?            90.Discuss why there is inefficiency in a monopoly situation. What is the role of the government in such a situation?            91.Discuss the effects of private ownership of production.
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    21.According to Paul Samuelson's critique, a poor country will rapidly improve its productivity if a rich country enters into a free trade agreement with it.      22.Paul Samuelson's critique argues that trade is a positive-sum game in which all countries that participate realize economic gains.      23.A rich country improves its productivity by engaging.
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    61.Which of the following is a consequence of the emphasis on individual performance in many Western societies?    A. Decreased entrepreneurship   B. High degree of managerial mobility   C. Increased loyalty towards an individual company   D. Executives are not exposed to different ways of doing business     62.Which of the following refers to the extent to which individuals can move out of.
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  98.Explain why a well-functioning market economy requires strong legal systems?            99.What are the factors that determine the long-run monetary benefits of doing business in a country?            100.What are first-mover advantages? Explain with an example.            101.What are late-mover disadvantages?                .
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