Business

When compared to American society, Japanese society lacks: A. commitm

QUESTION When compared to American society, Japanese society lacks: A. commitment to lifetime employment. B. emphasis on group memberships. C. self-managing work teams. D. close cooperation between individuals. E. dynamism and entrepreneurship.   ANSWER E Just as U.S. society is characterized by a great deal of dynamism and entrepreneurship, reflecting the primacy of values associated […]

Read full post

Date: September 3rd, 2020

Which of the following statements is true about the business implicati

QUESTION Which of the following statements is true about the business implications of Japanese society? A. The determination of social status of an individual is independent of the standing of the group to which he or she belongs. B. It is difficult to find self-managing work teams within Japanese organizations. C. It is more successful […]

Read full post

Date: September 3rd, 2020

Which of the following is a possible downside of emphasizing the prima

QUESTION Which of the following is a possible downside of emphasizing the primacy of group identification over individualism? A. It encourages managerial mobility between companies. B. It leads to a lack of dynamism and entrepreneurship. C. It hampers team building and cooperation. D. It raises the costs of doing business due to its adverse impact […]

Read full post

Date: September 3rd, 2020

Which of the following statements is true about social stratification?

QUESTION Which of the following statements is true about social stratification? A. The most rigid system of social stratification is a class system. B. Individuals are born into a particular social stratum. C. It is not possible for people to move between social strata. D. Britain is an example of a society where the caste […]

Read full post

Date: September 3rd, 2020

If a society emphasizes the group as the primary unit of social organi

QUESTION If a society emphasizes the group as the primary unit of social organization, it is most likely to: A. encourage competition between the members of the group. B. expose managers to different ways of doing business. C. foster dynamism and entrepreneurship. D. discourage employees from moving from company to company. E. fail to facilitate […]

Read full post

Date: September 3rd, 2020

Which of the following is a closed system of stratification in which s

QUESTION Which of the following is a closed system of stratification in which social position is determined by the family into which a person is born, and change in that position is usually not possible during an individual’s lifetime? A. Caste B. Merit C. Class D. Economic E. Bureaucratic   ANSWER A A caste system […]

Read full post

Date: September 3rd, 2020

Mountland Republic follows a system of social stratification that allo

QUESTION 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. […]

Read full post

Date: September 3rd, 2020

Under the Islamic banking method of mudarabah, when an Islamic bank le

QUESTION Under the Islamic banking method of mudarabah, when an Islamic bank lends money to a business, rather than charging that business interest on the loan, it takes a share in the profits that are derived from the investment. Indicate whether the statement is true or false.   ANSWER TRUE The Islamic banking method of […]

Read full post

Date: September 3rd, 2020

Which of the following exemplifies violation of folkways best? A. Com

QUESTION Which of the following exemplifies violation of folkways best? A. Committing a financial fraud B. Practicing cannibalism under the belief that it leads to superpowers C. Failing to greet a person you know D. Stealing an author’s or an inventor’s intellectual property E. Murdering a business partner   ANSWER C Folkways are the routine […]

Read full post

Date: September 3rd, 2020