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 Hindus see mobility between castes as something that can be achieved through: A. appropriate schooling and occupation. B. individual economic achievements over the course of one’s lifetime. C. spiritual progression and reincarnation. D. hard work that results in gradual upward mobility over generations. E. offering prayer five times a day, and by refraining from […]
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
QUESTION In 1904, who theorized that there was a relationship between Protestantism and the emergence of modern capitalism? A. Karl Marx B. Alfred Schmidt C. Max Weber D. Abraham Maslow E. Adam Smith ANSWER C
Date: September 3rd, 2020
QUESTION In the context of social structure, American society is characterized by a low degree of: A. social stratification. B. mobility between strata. C. entrepreneurial activity. D. managerial mobility. E. dynamism and innovation. ANSWER A Some societies are characterized by a relatively high degree of social stratification and relatively low mobility between strata (e.g., […]
Date: September 3rd, 2020
