BUS 445 Chapter 1-6
Jason loves to invent new products but knows that in his country it is difficult for him to reap the rewards of innovations because they are quickly and legally copied by others after he releases them into the marketplace. As a result, Jason has decided to stop inventing. What is preventing Jason from doing what he loves? A.weak property rights protection B.privatization C.excessive tariffs
a
Jason's company has always emphasized that every employee is an important part of the company's success and does not highlight individual achievements. By emphasizing the group, Jason's company will most likely A.discourage employees from moving from company to company B.foster dynamism and entrepreneurship C.expose managers to different ways of doing business
a
Kantian philosophy would view ________ as an ethical violation. A.employing people to work at sweatshops B.treating people as ends rather than as means C.empowering people with fundamental rights and privileges
a
Robert knows it is important for him to dress appropriately and make sure his hair is neatly trimmed when he goes for an interview because the employer will expect him to do so. This example of a social convention is called a A.folkway B.value C.mandate
a
Royal Teas, a U.K.-based company employing just 30 people worldwide, generates $1.5 million in revenues of which 60 percent comes from exports to Asian countries. In this context, Royal Teas is most likely classified as a A.mini-multinational firm B.greenfield firm C.foreign firm
a
The biggest criticism of the righteous moralist approach to an ethical situation is that it A.goes too far and not every situation can be approached relying on home-country standards. B.opposes ethnocentric beliefs C.relies on standards set in individual cultures regardless of living conditions
a
The deregulation of an economy involves A.privatizing state-owned enterprises B.opposing democracy by adopting communism C.abolishing laws related to the protection of property rights
a
The government of Junta took Fuel Safe Corp., a domestic energy firm, into state ownership to save the company from bankruptcy. However, the other private competitors in the energy industry were enraged by this decision. As a result, the government had to reduce the tax burden on all private energy firms so that both the state-owned enterprise and private firms could coexist. What type of economy does this portray? A. mixed B. command C. communist
a
The sale of state-owned enterprises to independent, nonpublic investors is referred to as A. privatization B. collectivism C. communalism
a
The veil of ignorance, a conceptual device designed by John Rawls, supports A. impartiality in justice. B.apartheld laws C.cultural relativism
a
What was the principle currency of trade in the mid-sixteenth century when mercantilism came into favor in England? A.gold and silver B.the pound C.the U.S. dollar
a
When an employee says no to a supervisor because what he or she was asked to do was unethical, it exhibits the employee's A.moral courage. B.ethical dilemma C.culture relativism
a
Which of the following is an implication of the global changes in political and economic systems for international business? A.The ideological conflict between collectivism and individualism is less in evidence today. B.Adoption of Western ideology is declining worldwide C.The global tide has been running in favor of command economies and totalitarians dictatorships
a
Which of the following terms best defines the relationship between the level of corruption and economic growth rate in a country? A.inversely proportional B.independet C.directly proportional
a
Which of these companies has adopted unethical practices? A.ClearLand Inc. sends its waste products for disposal to a developing nation because the pollution control laws in its home country are stricter than those in the developing nation. B.ModernMeds Corp sells its medicines at a lower price in led developed nations C.Centaur Inc.closed down a production plant as the local management there employed child labor
a
Which of these employees is facing an ethical dilemma? A.salena is responsible for deciding whether she should upgrade the manufacturing unit with new machines and reduce costs or retain the impoverished manual labor force. B.after seeing a whole new collection of phones at a stores. max is regretting the purchase of an outdates phone he made last month C.the manager at almas inc. to make a venor choice between his underqualified cousin and a highly-experienced, trusted supplier
a
________ is broadly defined as the development of new products, processes, organizations, management practices, and strategies. A.innovation B.benchmarking C.demographics
a
according to globalization opponents, what has increased in wealthy advanced economies as a result of globalization? A.unemployment B.price of goods and services C.standard of living
a
all of the books in a library have a _______, which shows the exclusive legal rights of the author of the book. A. copyright B. trademark C.folkway
a
an argument in support of the falling barriers to international trade and investment is that the falling barriers. A.drive the global economy toward greater prosperity B.reduce the need to export jobs overseas C.reduce attacks from foreign competitors
a
in comparison to market economies, command economies lack a. dynamism and innovation b. commitment to communism c. any opposition to private ownership
a
those who attempt to achieve the same ideologies as that of the communists without violent revolution and totalitarian dictatorship are called A. social democrats B. anarchists C. aristocrats
a
under a civil law system, it is the responsibility of a judge only to _____ the law A. apply B. assess C.interpret
a
when compared to the past, the gap between rich and poor nations today has A.gotten bigger B.become inexstent C.become smaller
a
why did many nations impose high tariffs on imports of manufactured goods prior to World War II? A. to protect domestic industries from foreign competition B. to prevent the occurrence of Great depression C. to safeguard patents, copyrights, and trademarks
a
A country with ________ is more likely to attain high and sustained economic growth rates and is a more attractive location for international business. A.weak protection of property rights B.a democratic regime C.a totalitarian dictatorship
b
According to Freedom House, just under ________ of the world's nations are considered "free." A.75 percent B.50 percent C.90 percent
b
An accurate description of privatization is that A.it started in china in the early 1980s B.when newly privatized firms are protected from foreign competition, they have little incentive to restructure their operations to become more efficient. C.it involves replacing a state-owned monopoly with a private monopoly
b
Brett robertson is a playwright and in order to protect his intellectual properly should secure a ______ on all of his plays A. patent B. copyright C. trademark
b
Bryan has been asked by his manager to directly contact the CEO of the foreign company they are trying to do business. However, Bryan knows that this is not a socially acceptable practice there, and it is better to wait for the company to contact him. Which aspect of culture is guiding Bryan's decision? A.values B.norms C.attitudes
b
Conrad follows a religion that does not propagate the caste system. Also, his religion emphasizes right seeing, thinking, speech, action, living, effort, mindfulness, and meditation as a route for spiritual transformation. According to this information, Conrad can be considered a A.hindu B.buddhist C.sikh
b
Due to the changing economic geography, many of tomorrow's economic opportunities are most likely to be found in the A. United States B. developing nations of the world such as China, India, and brazil C. centrally planned economies of the communist world
b
How does privatization help stimulate gains in economic efficiency? A.It allows newly privatized firms to gain monopoly position in a particular industry. B.It provides incentives to new private owners to search for increases in productivity and to enter new markets. C.It encourages state control over price and production output.
b
How have new information and communication technologies, including the Internet, affected the political economy in general? A.they have led to the spread of communism B.They have reduced a state's ability to control access to uncensored information. C.they have led to the collapse of democracy
b
Justice theories primarily focus on A.the attainment of maximum business profits B.the attainment of fair and equitable distribution of economic goods and services. C.minimizing the amount of economic freedom permitted to each person
b
Kendra has red patches on her face after using a protein-based lotion manufactured by Today's Skin Research Lab. She learned that the lotion's steroid levels were beyond the standard levels permitted by the government and the damage caused by the lotion was irreversible. Which standards will address Kendra's grievances? A.laws related to property rights B.product liability laws C.intellectual property laws
b
Mountland Republic follows a system of social stratification that allows for flexibility in terms of social mobility. In this system of open stratification the status of a person is solely determined by his or her own socioeconomic achievements. Mountland Republic is most likely to be following what type of system of social stratification? A.caste B.class C.religious
b
Only a totalitarian regime that is committed to ________ is capable of promoting economic growth. A.a dictatorship B.a strong protection of property rights C.a command economy
b
Sharron purchased a computer for $500 in 2018. Compared to the $900 computer that she purchased in 2011, the new one seems better in terms of the price she paid and the power of the technology. This is best explained by: A.product liability B.Moore's law C.property rights
b
Silver Meteorite Inc. is a multinational company whose home country considers grease payments illegal and unethical. The company has a zero-tolerance approach toward grease payments irrespective of any of its host nations' perspectives toward such payments. In this context, Silver Meteorite Inc. is following the approach to ethics known as A.cultural pluralist B.righteous moralist C.cultural relativist
b
Some believe that the global financial crisis of 2008-2009 was the result of A.a lack of free markets B.a lack of regulation C.a lack of privatization
b
Ten years after he proposed what came to be known as Sullivan's principles, Leon Sullivan concluded that following his principles A.was the most ethical way of doing business in South Africa B.was not sufficient to ethically justify the existence of Western businesses in South Africa. C.would be effective only when companies opposed democracy in South Africa
b
The ________ approach to ethics holds that an action is judged desirable if it leads to the best possible balance of good consequences over bad consequences. A.ethnocentric B.utilitarian C.cultural relativist
b
The ________, developed by Rawls, indicates that inequalities are justified if they benefit the position of the least-advantaged members of society. A.theory of private equity B.difference principle C.unity of command
b
The country of Garuf has recently removed all legal restrictions on the establishment of private enterprises. This action represents the process of A.socialism B.deregulation C.isolationism
b
The country of Watoo would be using deregulation efforts if A.it exercises tight control over the prices of food grains B.the retail sector in Watoo is opened for foreign direct investment. C.the Watoo government does not have a legal system to safeguard property rights
b
The distinctive culture of Wengiston has been losing its predominance among the citizens of the country. This is due to the fact that the people of Wengiston are extensively adopting certain universally accepted values and norms. This behavior of the people in Wengiston demonstrates: A.ethnocentrism B.the convergence hypothesis. C.egocentrism
b
The government of Alfon believes that its citizens should have complete freedom in their economic and political pursuits, and the Alfon ideology is "private profits over public good." Inn this context, it can said that Alfon follows the philosophy of A. socialism B. individualism C. communism
b
Those who support globalization recognize that while some concessions occur during the process of globalization, ultimately, it still works because A. the cost affect very few people B.the benefits outweight the costs C. democratic governments follow this pattern
b
Totalitarian states usually have A. free and fair elections B. media that are heavily censored C. all the basic civil liberties for citizens
b
a group of people who share a common set of values and norms is called A.cohort B.society C.folkway
b
a positive economic change from 1960 to 2018 was seen in the A.share of world output enjoyed by rich industrialized countries such as Great Britain, Germany, and France. B.share of world output accounted for by develping nations C.growth of the centrally planned economies of the communist world
b
as democracy has spread since the 1980s, so has the development of more _______ economies A.mixed B.market-based C.totalitarian
b
confucianism is based on the idea that personal salvation can be achieved through A.nirvana B.right action C.physical denial
b
dharma refers to A.a lack of belief in one god B.a moral force that require that acceptance of certain responsibilities C.a state of complete spiritual perfection
b
during early globalization efforts, outsourcing was typically confined to _____ activities A. marketing B.manufacturing C.service
b
product ______ law holds a firm and its officers responsible when a product causes injury, death, or damage A. equity B. liability C. consumption
b
what situation is most likely to lead to unethical behavior in a business setting? A.a strong sense of personal ethics exhibited y employees B.expatriate managers working away from their ordinary social context and supporting culture C.large business corporations making social investments in his countries
b
when compared to American society, Japanese society lacks A.self-managing work teams B.dynamism and entrepreneurship C.emphasis on group memberships
b
when the American colonists fought for independence from Great Britain, the concept of ___ influenced the decision A. private ownership B. individualism C. socialism
b
which form of government involves one person or political party that exercises absolute control over all spheres of human life and prohibits opposing political parties? A. capitalism B. totalitarianism C. pure democracy
b
which situation exemplifies public action? A.the mafia in cedia republic demands "protection money" from successful domestic business owners B.govenment bureaucrats demand bribes from international businesses in return for the rights to operate in cedia republic C.cedian proprietors in the hospitality industry often complain about protection rackets by criminal groups
b
"Not all democracies are free, as some still restrict certain political and civil liberties." Which country best fits this argument? A.Australia B.Canada C.Russia
c
A macro factor underlying the trend toward greater globalization is the A. rise of communism across the globe. B. increase in nationalization of private organizations. C.dramatic developments in information processing and other technologies.
c
According to economist Hernando de Soto, the key issue in the relationship between capitalism and property rights is the inability of owners to A.adapt to a planned economic system B.create a production monopoly C.establish legal title to the property they own
c
Connor assured his foreign counterpart that the items would be shipped from St. Louis, Missouri, and arrive in about ten days to Lisbon, Portugal because the parts would stay in the same packing crate and be lifted directly from the truck onto the airplane rather than having to be repackaged. What innovation is Connor referring to? A.logistics B.communication C.containerization
c
Due to strict environmental standards in its home nation, Neptune Inc. has shifted its operations to developing nations. The firm has now been able to gain competitive advantage by avoiding costly pollution controls. This strategic move of Neptune Inc. would be considered A.illegal B.ethical C. immoral.
c
Francis Fukuyama saw a world in which ________ was the final form of human government. A. communism B.dictatorship C.democracy
c
Kendrik would like to hire just one company to construct the new highway overpass in Phoenix, but he can't imagine asking such a small crew to work many months in the hot conditions of the Arizona summer. Kendrik is relying on ________ to make his decision. A.his ethnocentrism B.Kantian theory C.his moral imagination
c
A boom in product liability suits and awards in the United States resulted in a dramatic increase in the cost of liability insurance. Many business executives argue that this A. makes American businesses less competitive in the global marketplace B.exposes consumers to greater product risks C.offers American businesses greater protection from foreign competitors
a
A concern voiced by critics of globalization is that today's increasingly interdependent global economy shifts economic power toward A.supranational organizations such as the World Trade Organization. B.the communist states of eastern Europe and central Asia. C.the medium-size and small U.S. multinationals.
a
A country where "saving face" is valued is an example of which of Hofstede's dimensions? A.long-term versus short-term orientation B.individualism versus collectivism C.masculinity versus femininity
a
A major distinction between a conventional bank and an Islamic bank is that Islamic banks A.cannot pay or charge interest B.cannot accept private deposit C.are allowed to change higher interest rates on loans
a
A moral compass is used by managers to A. help them navigate through difficult ethical dilemmas. B.maximize stockholders' wealth C.legally justify their unethical behavior
a
According to Max Weber, the Protestant tributes of hard work, wealth creation and ____ fostered the emergence of modern capitalism A.frugality B.monochronic time C.ethnocentrism
a
According to ________, people should be treated as ends and never purely as means to the ends of others. A.Kantian ethics B.Friedman doctrine C.righteous moralism
a
According to the UN charter, one of the four purposes of the UN is to: A. be center for harmonizing the actions of nations B. encourage high tariffs on imports of manufactured goods C. provide enhanced protection for patents
a
AllSteel Inc. is planning an international expansion. In terms of the costs involved in conducting business in a country, it will be most economical for the company if it chooses a country A.where politicians are held accountable by the electorate B.where laws regarding product safety, safety in the workplace, and environmental pollution are extremely stringent C.where the company will have to provide its own infrastructure and supporting business
a
Bryan works as a salesman for Jumbo Corp. Last year his sales target was $3 million and this year in an aggressive bid for growth, the company increased the sales quota for all its salespeople to $5 million, although the market for Jumbo Corp's product has slowed. In order to meet his target, Bryan bribed an official of a potential customer. The roots of his unethical behavior can be traced to A.unrealistic performance goals B.cultural differences of countries C.national differenced in factor of production
a
Chinese is the mother tongue of the largest number of people, but English is the most widely spoken language in the world. This indicates that A. many people speak English as a second language B. many native English speakers are learning Chinese C.the population of native English speakers exceeds that of China
a
Globalization critics argue that the decline in unskilled wage rates in advanced economies is due to the A.migration of low-wage manufacturing jobs offshore. B.technology-induced shift toward jobs that require significant education and skills. C.increased supply of highly skilled workers.
a
Managers at the Blue Dragon Inc., an international company with operations in China and the United States, are often heard complaining about the difficulties in achieving synergy and cooperation between the employees of both the countries. On extensive research it was concluded that the cultural differences between these countries, which resulted in different work-related values, caused the lack of cooperation. In order to effectively tackle this problem, Blue Dragon Inc. should: A.adopt the host country's management processess and practices in both countries B.opt to exist one of the countries to avoid a conflict C.vary its management processes and practices to account for these differences.
c
Rawls would agree with the idea that inequalities can be justified if they A.benefit those in the highest position B.benefit those in the worst position C.are used to the advantage of everyone.
c
Sun-Jun is the executive general manager of a U.S.-based multinational corporation. Marisol is a manager in a similar position but works for an American company that operates only in the U.S. and does not engage in international business. In this context, which business function will be most typically exclusive to Sun-Jun? A.marketing a product or service B.maintaining healthy relations with the U.S. government C.choosing an appropriate mode for entering a particular foreign country
c
The country of Marita ensures strong legal protection of property rights. It is likely that the businesses and individuals in Marita will A.avoid privatization B.face more corruption C.want to invest more in innovations
c
The main goal of GATT was to A.limit foreign competition B.increase domestic competition C.reduce trade barriers
c
The united Republic emphasizes individual performance and achievements in every sphere of society. Which of the following statements is true about the society of this country? A.there would be a low degree of dynamism and innovation B.there would be a low degree of entrepreneurial activity in the country C.The employees in this country lack loyalty and commitment to a company
c
Varsa Incorporated, a multinational giant, runs a number of diversified businesses. The intellectual property of the firm would include A. income arising from renting land and buildings B. profits arising from the sale of agricultural crops C.all computer software for budgeting designed by employees
c
What is an accurate characterization of the role of international business investments in Latin America today? A.there are fewer opportunities for investment because of communist rule B.Foreign investment by western international business is frowned upon C.Debt and inflation are down and foreign investment is welcomed
c
Which of these countries demonstrates Jeffrey Sachs's argument about trade? A.the national of liar exports rice but imports wheat because it is more cost effective B.intellectual property rights are well-protected in the nation of Acher which provides an absolute advantage C.The soil conditions in Sarut are so poor that no crops can be grown and the country must import all food sources.
c
Which scenario best exemplifies ethnocentrism? A.sarah believes that her opinions and interests are superior to that of her siblings B.Nicole is highly tolerant toward different cultures and enjoy learning different languages C.Bryan's belief in the superiority of his culture has resulted in conflicts with his colleagues from different countries
c
________ is 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. A.factor endowment B.corporate dynamism C.Corporate social responsibility
c
a composer can protect an original musical score from being copied and sold by someone else by acquiring a(n) a. patient b. trademark c. copyright
c
energy for everyone wanted to establish operations in the country of Imol but decided against it when officials from Imol demanded a bribe in order for the company to open the office. this bribe is an example of A. a market economy B. a laissez-faire policy C. a public action
c
silver fire electric inc., a U.S. based company, has productive activities in more than two countries. Silver Fire electric is what type of enterprise? A.state-owned B.universal c.multinational
c
what os the mst widely spoken language in the world and os increasingly becoming the language of international business? A.Chinese B.Spanish C.English
c
what term is used to describe a society that allows relatively free gratification of basic human drives? A.democractic B.persistence C.indulgence
c
which scenario is an example of private action? A. the government of Mexico levying excessive taxes B. a communist government taking assests into state ownership without compensating the owners C. Business owners in the cell phone industry stealing their competitors' trade secrets and intellectual properties
c
which statement is true of confucianism? A.confucianism is a religion principally followed in India, Korea and Japan B.conflct betwwen management and labor tends to be high in the countries that follow confucianism C.three values central to confucianism are loyalty, reciprocal obligations, and honesty in dealing with others
c
what are mini-multinationals? medium-and small size multinationals
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