QUESTION The government of Nerumbia wants to open the country’s economy to international business, and increase its overall attractiveness as a potential market or investment site. Which of the following will facilitate this decision of the Nerumbian government? A. Shifting toward command economy or an economy where property rights are not enforced strictly B. Investing […]
QUESTION The United Nation of Amberia, a Western European country, fought on the winning side of the Cold War. Which of the following was most likely being propagated by the country by participating in the Cold War? A. Strong business regulations B. Communist ideologies C. Command economies D. Totalitarian dictatorships E. Free markets ANSWER […]
QUESTION Values provide the context within which a society’s norms are established and justified. Indicate whether the statement is true or false. ANSWER TRUE Values are abstract ideas about what a society believes to be good, right, and desirable. They form the bedrock of a culture. They provide the context within which a society’s […]
QUESTION Countries with which of the following are more likely to attain high and sustained economic growth rates and are thus a more attractive location for international business? A. Weak protection of property rights B. Democratic regimes C. Command-based economic policies D. Ideologies that differ from Western ideologies E. Totalitarian dictatorships ANSWER B Countries […]
QUESTION There is a strict one-to-one correspondence between a society and a nation-state. Indicate whether the statement is true or false. ANSWER FALSE There is not a strict one-to-one correspondence between a society and a nation-state. Nation-states are political creations. They may contain a single culture or several cultures.
QUESTION Capricorn Creative Inc., a U.S.-based advertising firm, was the first in the advertising industry to identify the growth potential of Brazil and to make huge investments in its economy. As a result, the firm was able to build brand loyalty and gain experience in that country’s business practices. In the language of business strategy, […]
QUESTION Rituals and symbols are the most visible manifestations of a culture and constitute the outward expression of deeper values. Indicate whether the statement is true or false. ANSWER TRUE Rituals and symbols are the most visible manifestations of a culture and constitute the outward expression of deeper values.
QUESTION Although China and India are very large markets when measured by number of consumers, they are relatively small markets when measured in economic terms due to their: A. orientation toward democracy. B. small share in the world output. C. high living standards. D. limited purchasing power. E. commitment to a free market system. […]
QUESTION In economic terms, the long-run monetary benefits of doing business in a country are most likely to be a function of the: A. gender ratio of the country. B. latitudinal and the longitudinal location of the country. C. natural resources available in the country. D. present wealth (purchasing power) of consumers of the country. […]
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 […]
