QUESTION A major distinction between a conventional bank and an Islamic bank is that Islamic banks: A. are allowed to charge higher interest rates on loans. B. cannot accept private deposits. C. cannot pay or charge interest. D. are not subject to any form of law. E. are supposed to refrain from making a profit […]
Date: September 3rd, 2020
QUESTION Mudarabah and the murabaha are: A. Islamic banking methods. B. Arabic words for interest and profit, respectively. C. banking practices that are prohibited by Islam. D. laws governing international trade and commerce in Islamic countries. E. laws limiting the right to private property. ANSWER A
Date: September 3rd, 2020
QUESTION Which of the following is true about the Islamic banking method the mudarabah? A. A mudarabah contract is similar to a profit-sharing scheme. B. Under mudarabah, when an Islamic bank lends money to a business, it charges interest on the loan. C. It is the most widely used banking method among the world’s Islamic […]
Date: September 3rd, 2020
QUESTION Dharma, karma, and nirvana are terms related to: A. Confucianism. B. Hinduism. C. Judaism. D. Islam. E. Protestantism. ANSWER B
Date: September 3rd, 2020
QUESTION Many of which of the following believe that the way to achieve nirvana—a state of complete spiritual perfection—is to lead a severe ascetic lifestyle of material and physical self-denial, devoting life to a spiritual rather than material quest? A. Christians B. Hindus C. Muslims D. Protestants E. Confucians ANSWER B
Date: September 3rd, 2020
QUESTION Which of the following statements is true about Hinduism? A. Hinduism supported India’s caste system. B. Hinduism allows mobility between castes within an individual’s lifetime. C. Max Weber argued that Hinduism encourages entrepreneurial activity. D. Hindus do not believe in reincarnation, or rebirth into a different body, after death. E. Hinduism was founded by […]
Date: September 3rd, 2020
QUESTION Max Weber argued that the ascetic principles embedded in which of the following do not encourage entrepreneurial activity in pursuit of wealth creation because it is perceived that such activities make the attainment of nirvana more difficult? A. Islam B. Hinduism C. Confucianism D. Protestantism E. Capitalism ANSWER B
Date: September 3rd, 2020
QUESTION Which of the following is a dimension of social structure that is particularly important when explaining differences between cultures? A. The average income of the people who belong to a particular culture B. The dominant race and the gender in the society C. The extent to which work is viewed as more important than […]
Date: September 3rd, 2020
QUESTION Which of the following is most likely to be the result of high degrees of class consciousness in societies? A. High levels of social mobility B. Healthy relationship between management and labor classes C. Low levels of industrial disruption D. Increase in the costs of production E. Greater opportunities for businesses to establish competitive […]
Date: September 3rd, 2020
QUESTION Which of the following is an implication of high degree of managerial mobility in societies that emphasize individualism? A. Reduced costs of doing business B. Increased managerial loyalty and commitment to an individual company C. Lack of company-specific experience, knowledge, and a network of contacts among managers D. Lack of exposure among employees to […]
Date: September 3rd, 2020
