ChiefSummer6496
NO EXPLANATION NEEDED 20 minutes ANSWER A B C or D An example of…
NO EXPLANATION NEEDED 20 minutes ANSWER A B C or D
An example of an institutional weakness that undermines contract enforcement is what?
Freedom indices
Privatization
Monetary systems
Entrepreneurship
Court capacity
Question 2 (1 point)
The globalization of __________ refers to the sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production (such as labour, energy, land, and capital).
Question 2 options:
markets
R&D
information technology
process design
production
Question 3 (1 point)
The _______________ system evolved in England over hundreds of years and is based on tradition, precedent, and custom.
Question 3 options:
contract law
common law
theocratic
economic law
civil
Question 4 (1 point)
_______ are the two macro factors that seem to underlie the trend toward greater globalization.
Question 4 options:
The decline in barriers to the free flow of goods, services, and capital that has occurred in the past 10 years, and the slowdown in technological change
Technological change and the convergence of global product preferences
The increase in barriers to the free flow of goods, services, and capital that has occurred since the end of World War II, and global economic stability
The increase in global economic stability, and the slowdown in technological change
The decline in barriers to the free flow of goods, services, and capital that has occurred since the end of World War II, and technological change
Question 5 (1 point)
Experience has demonstrated that state ownership of the means of production:
Question 5 options:
is the most efficient way to organize production
leads to increased inefficiency, higher prices and higher taxes
is the most profitable way to organize production
often runs counter to the public interest
often runs in parallel with the public interest
Question 6 (1 point)
According to Hofstede’s Model, which group of nations score high on the individualism scale and low on the power distance scale?
Question 6 options:
Middle East countries such as Turkey, Syria and Iran
advanced western nations such as the United States, Canada, and Britain
Asian nations such as Japan, South Korea, and Singapore
South American nations such as Brazil, Peru, and Ecuador
African nations such as Zaire, Sudan, and Chad
Question 7 (1 point)
The idea that managers should consider the social consequences of economic actions when making business decisions is known as what?
Question 7 options:
dereliction of fiduciary duty
corporate social responsibility
moral courage
justice theory
moral centralism
Question 8 (1 point)
A firm’s _________ are individuals or groups that have an interest or claim in what the company does and in how well it performs:
Question 8 options:
shareholders
stakeholders
employees
righteous moralists
creditors
Question 9 (1 point)
__________ refers to a system that stresses the primacy of collective goals over individual goals.
Question 9 options:
Individualism
Capitalism
Democracy
Collectivism
Totalitarian
Question 10 (1 point)
After World War II, the West committed to removing trade barriers between nations because of what experience?
Question 10 options:
the shift away from production to consumption
the loss of production from the war
the General Agreement on Tariffs and Trade
retaliatory trade policies leading to the Depression
massive waves of immigrants seeking jobs
Question 11 (1 point)
Collectively, we refer to political, economic, and legal systems as constituting the _______ economy of a country.
Question 11 options:
domestic
governing
administrative
civic
political
Question 12 (1 point)
Although there are many different aspects of social structure, two main dimensions __________ and __________ stand out when explaining differences between cultures.
Question 12 options:
the degree to which the basic unit of social organization is the group; the degree to which the basic unit of society is a clique
the degree to which the basic unit of social organization is the individual; the degree to which a society is stratified into classes or castes
the degree to which the basic unit of social organization is the individual; the degree to which a society is heterogeneous
the degree to which there are different languages the degree to which there are income differences
the degree to which the basic unit of social organization is the extended family; the degree to which the basic unit of society is heterogeneous
Question 13 (1 point)
Since the late 1980s two major trends have emerged in the political economies of many of the world’s national states. These are:
Question 13 options:
a wave of democratic revolutions have swept the world and there has been a strong move away from centrally planned and mixed economies toward more free market economies.
a wave of totalitarian revolutions have swept the world and there has been a strong move away from centrally planned and mixed economies toward more free market economies.
a wave of socialistic revolutions have swept the world and there has been a strong move away from free market economies toward more centrally planned and mixed economies.
a wave of communist revolutions have swept the world and there has been a strong move away from free market economies toward more centrally planned economies.
a wave of consumer empowerment and there has been a strong move away from common law and towards civil code.
Question 14 (1 point)
The violation of _______________ can be violated in two waysthrough private action and through public action.
Question 14 options:
warrants
copyrights
individual rights
patents
property rights
Question 15 (1 point)
The _______ is seen as the lender of last resort to nation-states whose economies are in turmoil and currencies are losing value against those of other nations.
Question 15 options:
Bank of Canada
International bank
International Monetary Fund
Canada’s Export Development Corporation
United Nations
Question 16 (1 point)
According to our textbook, the growing integration of the world economy is:
Question 16 options:
increasing the intensity of global competition in manufacturing industries, and decreasing the intensity of domestic competition in services
increasing the intensity of competition within the home market of a company in a wide range of manufacturing and service industries
narrowing the scope of global competition in a wide range of service, commodity, and manufacturing industries
Widening the opportunities for competing with manufacturing companies within their home market and narrowing the opportunities for competing with service companies in their home market.
decreasing the intensity of global competition in manufacturing industries, and increasing the intensity of domestic competition in services
Question 17 (1 point)
People who work for or own the company such as employees, board of directors, and stockholders are better identified as _________.
Question 17 options:
venture capitalists
external shareholders
external stakeholders
internal stakeholders
direct stakeholders
Question 18 (1 point)
External stakeholder groups would most likely be comprised of all but which one of the following?
Question 18 options:
local communities
suppliers
government
employees
trade unions
Question 19 (1 point)
__________ are situations in which none of the available alternatives seem ethically acceptable.
Question 19 options:
Personal crises
Moral obligations
Social responsibilities
Ethical dilemmas
Ethical behaviours
Question 20 (1 point)
Canada could be described as having elements of both a __________ economy and a ___________ economy.
Question 20 options:
command; regional
market; regional
mixed; regional
market; mixed
command; mixed
Question 21 (1 point)
Which of Hofstede’s cultural dimensions focuses on how a society deals with the fact that people are unequal in physical and intellectual capabilities?
Question 21 options:
power distance
uncertainty avoidance
individualism versus collectivism
time orientation
masculinity versus femininity
Question 22 (1 point)
“PPP” in the term “Gross Domestic Product (PPP)” is an acronym that stands for:
Question 22 options:
power purchasing procedures
purchasing power parity
parallel parametric purchasing
procurement priority procedures
priority patent procedures
Question 23 (1 point)
Many of the ethical issues and dilemmas in international business are rooted in the fact of differences in all BUT which one of the following?
Question 23 options:
culture
economic development
political systems
monetary systems
law
Question 24 (1 point)
