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 The primacy of the value of group identification encourages managers and workers to move from company to company. Indicate whether the statement is true or false. ANSWER FALSE The primacy of the value of group identification discourages managers and workers from moving from company to company. Over the years, managers and workers build […]
QUESTION Like Christianity and Judaism, Islam is a monotheistic religion. Indicate whether the statement is true or false. ANSWER TRUE Like Christianity and Judaism, Islam is a monotheistic religion. The central principle of Islam is that there is but the one true omnipotent God (Allah).
QUESTION Strong identification with the group tends to create pressures for mutual self-help and collective action. 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. If the worth of an individual is closely linked to the achievements […]
QUESTION The murabaha contract is the most widely used among the world’s Islamic banks, primarily because it is the easiest to implement. Indicate whether the statement is true or false. ANSWER TRUE The Islamic banking method of the murabaha contract is the most widely used among the world’s Islamic banks, primarily because it is […]
QUESTION The emphasis on individualism results in a low degree of managerial mobility between companies. Indicate whether the statement is true or false. ANSWER FALSE Individualism finds expression in a high degree of managerial mobility between companies, and this is not always a good thing.
QUESTION Individuals become a member of the social category to which their parents belong. Indicate whether the statement is true or false. ANSWER TRUE Individuals are born into a particular stratum. They become a member of the social category to which their parents belong.
QUESTION When social unrest and disorder in a country causes drastic changes in its business environment that adversely affect the profit and other goals of a business enterprise, the business enterprise is said to be facing which of the following type of risk? A. Political B. Demographic C. Ethical D. Technological E. Physiological ANSWER […]
QUESTION Which of the following factors in a country is most likely to cause political risk for an international business? A. The presence of more than one ethnic nationality B. Infrequent changes in government and government policy C. Low inflation rate D. Low level of government debt E. High living standards ANSWER A Political […]
QUESTION MedPlus Incorporated, based in the United States, hesitates to enter into a joint venture with Azpak Limited, a Sri Lankan company, due to inadequate protection of intellectual property rights. MedPlus is trying to avoid what type of risk? A. Political B. Legal C. Ethical D. Economic E. Ethnographic ANSWER B When legal risks […]
