QUESTION Confucianism and Confucian ethics influence behavior and shape culture in parts of Asia, hence it is correct to characterize Confucianism as a religion. Indicate whether the statement is true or false. ANSWER FALSE There is a major exception to the principle that ethical systems are grounded in religion. Confucianism and Confucian ethics influence […]
QUESTION According to Max Weber, Protestant ethics discouraged the development of capitalism. Indicate whether the statement is true or false. ANSWER FALSE Max Weber theorized that there was a relationship between Protestantism and the emergence of modern capitalism. He argued that Protestant ethics emphasize the importance of hard work and wealth creation (for the […]
QUESTION Buddhism has the highest number of adherents in the world today. Indicate whether the statement is true or false. ANSWER FALSE Among the thousands of religions in the world today, four dominate in terms of numbers of adherents: Christianity with roughly 1.9 billion adherents, Islam with around 1.2 billion adherents, Hinduism with 750 […]
QUESTION The emphasis on individualism may make it difficult to build teams within an organization to perform collective tasks. Indicate whether the statement is true or false. ANSWER TRUE Strong identification with the group is argued to create pressures for mutual self-help and collective action. Thus emphasis on individualism may make it difficult to […]
QUESTION Max Weber argued that the Catholic promise of salvation in the next world, rather than this world, fostered “a spirit of capitalism.” Indicate whether the statement is true or false. ANSWER FALSE Weber theorized that there was a relationship between Protestantism and the emergence of modern capitalism. He argued that Protestant ethics emphasize […]
QUESTION The emphasis on individualism has led to the widespread diffusion of self-managing work teams within Japanese organizations. Indicate whether the statement is true or false. ANSWER FALSE The success of Japanese enterprises in the global economy has been based partly on their ability to achieve close cooperation between individuals within a company and […]
QUESTION Max Weber argued that the ascetic principles embedded in Hinduism encourage the kind of entrepreneurial activity in pursuit of wealth creation that we find in Protestantism. Indicate whether the statement is true or false. ANSWER FALSE Max Weber, famous for expounding on the Protestant work ethic, also argued that the ascetic principles embedded […]
QUESTION Which of the following best exemplifies a first-mover advantage? A. Venus Inc. has more than 50 percent market share in the telecom industry, because no other company had invested in this industry before Venus Inc. B. Maya won a cash discount of 75 percent on the latest NewY phone as she was the winner […]
QUESTION When Galaxy Ventures, a real estate company, entered the low cost housing business, the market was already saturated with other players. Thus, the company was forced to exit the market due to lack of customer loyalty and substantial dividends. Which of the following is a term used to described the situation faced by the […]
QUESTION In the context of cost, which of the following can be considered as the most attractive market or investment site? A. A country that has adopted a closed totalitarian state B. A country that has a well-developed body of business contract law C. A country with a command-based economic system D. A country with […]
