Business

Which of the following is true about communism? A. Communism propagat

QUESTION Which of the following is true about communism? A. Communism propagates the idea of “private profit rather than public good.” B. By the mid-1990s communism started rising worldwide. C. China has moved sharply away from strict adherence to communist ideology in the economic sphere. D. Communists committed themselves to achieving socialism by turning their […]

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Date: September 3rd, 2020

The fascist regimes that ruled Germany and Italy in the 1930s and 1940

QUESTION The fascist regimes that ruled Germany and Italy in the 1930s and 1940s had adopted: A. right-wing totalitarianism. B. theocratic totalitarianism. C. representative democracy. D. pure democracy. E. totalitarian democracy.   ANSWER A The fascist regimes that ruled Germany and Italy in the 1930s and 1940s were right-wing totalitarian states.

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Date: September 3rd, 2020

Which of the following is inconsistent with Marxist philosophy? A. Co

QUESTION Which of the following is inconsistent with Marxist philosophy? A. Concern over public good rather than private profit B. Monopoly of state-owned companies in certain industries C. Opposing the ideologies of capitalist societies D. Substantial limits on individual political freedom E. Selling state-owned enterprises to private investors   ANSWER E Karl Marx advocated state […]

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Date: September 3rd, 2020

The Cedian government believes that its citizens should have complete

QUESTION The Cedian government believes that its citizens should have complete freedom in their economic and political pursuits, and the Cedian ideology is “private profit over public good.” In this context, it can be said that Cedia most likely follows the philosophy of: A. totalitarianism. B. socialism. C. individualism. D. communism. E. Marxism.   ANSWER […]

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Date: September 3rd, 2020

The benefits, costs, and risks associated with doing business in a cou

QUESTION The benefits, costs, and risks associated with doing business in a country are independent of that country’s political, economic, and legal systems. Indicate whether the statement is true or false.   ANSWER FALSE The benefits, costs, and risks associated with doing business in a country are a function of that country’s political, economic, and […]

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Date: September 3rd, 2020

Which of the following statements is true about political systems? A.

QUESTION Which of the following statements is true about political systems? A. The political system of a country is independent of its economic and legal systems. B. The political system of a country is of no importance to international business. C. It is not possible to have democratic societies that emphasize a mix of collectivism […]

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Date: September 3rd, 2020

Which of the following systems is a part of the political economy? A.

QUESTION Which of the following systems is a part of the political economy? A. Religious system B. Value system C. Demographic system D. Legal system E. Technological system   ANSWER D Collectively we refer to the political, economic, and legal systems as constituting the political economy of a country. This emphasizes the fact that the […]

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Date: September 3rd, 2020

Other things being equal, a nation with democratic political instituti

QUESTION Other things being equal, a nation with democratic political institutions is clearly more attractive as a place in which to do business than a nation that lacks democratic institutions. Indicate whether the statement is true or false.   ANSWER TRUE Other things being equal, a nation with democratic political institutions, a market-based economic system, […]

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Date: September 3rd, 2020