Business

Which of the following statements is true about culture? A. Culture i

QUESTION Which of the following statements is true about culture? A. Culture is static as it does not evolve. B. Multinational enterprises can themselves be engines of cultural change. C. The cost of doing business in a country or region is always independent of its culture. D. It is not possible for a country to […]

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Date: September 3rd, 2020

When Shop Smart opened its first super market in China it was unable t

QUESTION When Shop Smart opened its first super market in China it was unable to generate any sales. After conducting a research, it was understood that the local sales personnel found it difficult to communicate with the American store managers. In addition, Chinese consumers found it difficult to shop in the American way. Shop Smart’s […]

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Date: September 3rd, 2020

Which of the following are social conventions concerning things such a

QUESTION Which of the following are social conventions concerning things such as the appropriate dress code in a particular situation, good social manners, eating with the correct utensils, neighborly behavior, and the like? A. Folkways B. Proscriptions C. Reprobations D. Fellowships E. Taboos   ANSWER A Folkways are the routine conventions of everyday life. Generally, […]

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Date: September 3rd, 2020

In a society, actions of people directed toward one another are govern

QUESTION In a society, actions of people directed toward one another are governed by a set of social rules called: A. norms. B. manifestoes. C. structures. D. scriptures. E. dialects.   ANSWER A Norms mean the social rules and guidelines that prescribe appropriate behavior in particular situations. Put differently, they are the social rules that […]

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Date: September 3rd, 2020

In a social context, the term values is used to describe the: A. econ

QUESTION In a social context, the term values is used to describe the: A. economic benefits that are inherent to a culture. B. collective wealth of the society. C. abstract ideas about what a group believes to be good, right, and desirable. D. political ascendancy of a country. E. social rules and guidelines about the […]

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Date: September 3rd, 2020

Which of the following best exemplifies violation of mores? A. Attend

QUESTION Which of the following best exemplifies violation of mores? A. Attending a business meeting in casual clothes B. Committing a financial fraud C. Failing to greet a person you know D. Eating with the inappropriate cutlery in a social gathering E. Keeping a good friend waiting at a coffee shop   ANSWER B Mores […]

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Date: September 3rd, 2020

What is the difference between folkways and mores? A. Folkways are no

QUESTION What is the difference between folkways and mores? A. Folkways are norms that are seen as central to the functioning of a society, whereas mores are the routine conventions of everyday life. B. Violating mores tends to bring more serious retribution than violating folkways. C. Folkways exclude rituals and symbolic behaviors included in mores. […]

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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 […]

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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 […]

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Date: September 3rd, 2020