AGB 302 final AGB 302 Final Exam
Study online at https://quizlet.com/_f188e1
1. Interdependent political, economic, and legal sys- political economy.
tems of a country make up its:
2. Modern socialism has been popularized largely Karl Marx
through the work of ________.
3. 1) In several Western democracies, the poor per- privatization
formance of state-owned enterprises, because
of protection from competition and guaranteed
government financial support, led to ________.
4. 1) The tenet of ________ is that the welfare of soci- ) individualism
ety is best served by letting people pursue their
own economic self-interest.
5. In a pure market economy production is determined by the
interaction of supply and de-
mand
6. 1) In a ________ economy, certain sectors of the mixed
economy are left to private ownership and free
market mechanisms while other sectors have sig-
nificant state ownership and government plan-
ning.
7. Which of the following statements about the legal They can affect the attractiveness
systems of countries is true? of a country as an investment site
or market
8. 1) Under the ________, cases are judged with refer- ) common law system
ence to three characteristics: tradition, precedent,
and custom.
AGB 302 Final exam bank
, AGB 302 final AGB 302 Final Exam
Study online at https://quizlet.com/_f188e1
9. 1) Which of the following areas of international Preventing bribery and unethical
trade is regulated by the Foreign Corrupt Prac- acts in the conduct of interna-
tices Act? tional business.
10. 1) Design and names by which merchants or man- ) trademarks
ufacturers designate and differentiate their prod-
ucts are known as ________.
11. 1) One of the reasons for the spread of democracy A) increasingly prosperous mid-
is the emergence of ________ who have pushed for dle and working classes
democratic reforms.
12. 1) Anecdotal comparisons suggest that the asser- B) education
tion that nations that invest more in
________ will have higher growth rates is true.
13. 1) Several of the fastest-growing Asian economies D) democratic
adopted more ________ governments during the
past three decades, including South Korea and
Taiwan.
14. 1) Which of the following helps in adjusting GNI A) Purchasing power parity (PPP)
such that it accounts for the differences in the adjustment
cost of living?
15. 1) Which of the following is a measure that is Human Development Index
developed by the United Nations to measure the
quality of life in different nations?
16. 1) ________, a Nobel Prize-winning economist, has Amartya Sen
argued that development is not just an economic
process, but it is a political one as well.
17.
AGB 302 Final exam bank
, AGB 302 final AGB 302 Final Exam
Study online at https://quizlet.com/_f188e1
A market economy encourages innovation be- economic freedom leads to
cause greater incentives for innovation
18. 1) The state can expropriate the profits from inno- excessive taxation
vation through legal means, such as
________.
19. 1) A free market economy in which property a democratic regime.
rights are protected leads to subsequent eco-
nomic growth, which often leads to the establish-
ment of:
20. 1) Which of the following is a step in the shift Creation of a legal system to
toward a market-based economic system? safeguard property rights
21. 1) A Japanese executive's ritual of presenting a folkways
business card to a foreign business executive is
an example of .
22. 1) Which of the following statements about values A) The values and norms of a so-
and norms of a culture is true? ciety influence social structure.
23. 1) Which of the following is a consequence of A) High degree of managerial
the emphasis on individual performance in many mobility
Western societies?
24. 1) Which of the following is a closed system of Caste system
stratification in which social position is deter-
mined by the family into which a person is born,
and change in that position is usually not possible
during an individual's lifetime?
25. 1) Which of the following statements is true about
a class system?
AGB 302 Final exam bank
, AGB 302 final AGB 302 Final Exam
Study online at https://quizlet.com/_f188e1
A) Social mobility within a class
system varies from society to so-
ciety.
26. 1) Ethical systems are: A) a set of moral principles, or
values, that are used to guide
and shape behavior.
27. 1) Which of the following sociologists made a con- ) Max Weber
nection between Protestant ethics and "the spirit
of capitalism"?
28. 1) According to Islam, those who hold property trustees
are regarded as .
29. 1) There are three values central to the Confucian rule based law
system of ethics that have very important eco-
nomic implications. Which of the following is one
of these?
30. 1) For international businesses, the connection A) a strong connection is likely
between culture and competitive advantage is im- to produce the most viable com-
portant because: petitors.
31. 1) Companies can strengthen the of employees moral courage
by committing themselves to not retaliate against
employees who complain about unethical ac-
tions.
32. 1) A firm's include customers, suppliers, and external stakeholders
lenders.
33. utilitarian
AGB 302 Final exam bank
Study online at https://quizlet.com/_f188e1
1. Interdependent political, economic, and legal sys- political economy.
tems of a country make up its:
2. Modern socialism has been popularized largely Karl Marx
through the work of ________.
3. 1) In several Western democracies, the poor per- privatization
formance of state-owned enterprises, because
of protection from competition and guaranteed
government financial support, led to ________.
4. 1) The tenet of ________ is that the welfare of soci- ) individualism
ety is best served by letting people pursue their
own economic self-interest.
5. In a pure market economy production is determined by the
interaction of supply and de-
mand
6. 1) In a ________ economy, certain sectors of the mixed
economy are left to private ownership and free
market mechanisms while other sectors have sig-
nificant state ownership and government plan-
ning.
7. Which of the following statements about the legal They can affect the attractiveness
systems of countries is true? of a country as an investment site
or market
8. 1) Under the ________, cases are judged with refer- ) common law system
ence to three characteristics: tradition, precedent,
and custom.
AGB 302 Final exam bank
, AGB 302 final AGB 302 Final Exam
Study online at https://quizlet.com/_f188e1
9. 1) Which of the following areas of international Preventing bribery and unethical
trade is regulated by the Foreign Corrupt Prac- acts in the conduct of interna-
tices Act? tional business.
10. 1) Design and names by which merchants or man- ) trademarks
ufacturers designate and differentiate their prod-
ucts are known as ________.
11. 1) One of the reasons for the spread of democracy A) increasingly prosperous mid-
is the emergence of ________ who have pushed for dle and working classes
democratic reforms.
12. 1) Anecdotal comparisons suggest that the asser- B) education
tion that nations that invest more in
________ will have higher growth rates is true.
13. 1) Several of the fastest-growing Asian economies D) democratic
adopted more ________ governments during the
past three decades, including South Korea and
Taiwan.
14. 1) Which of the following helps in adjusting GNI A) Purchasing power parity (PPP)
such that it accounts for the differences in the adjustment
cost of living?
15. 1) Which of the following is a measure that is Human Development Index
developed by the United Nations to measure the
quality of life in different nations?
16. 1) ________, a Nobel Prize-winning economist, has Amartya Sen
argued that development is not just an economic
process, but it is a political one as well.
17.
AGB 302 Final exam bank
, AGB 302 final AGB 302 Final Exam
Study online at https://quizlet.com/_f188e1
A market economy encourages innovation be- economic freedom leads to
cause greater incentives for innovation
18. 1) The state can expropriate the profits from inno- excessive taxation
vation through legal means, such as
________.
19. 1) A free market economy in which property a democratic regime.
rights are protected leads to subsequent eco-
nomic growth, which often leads to the establish-
ment of:
20. 1) Which of the following is a step in the shift Creation of a legal system to
toward a market-based economic system? safeguard property rights
21. 1) A Japanese executive's ritual of presenting a folkways
business card to a foreign business executive is
an example of .
22. 1) Which of the following statements about values A) The values and norms of a so-
and norms of a culture is true? ciety influence social structure.
23. 1) Which of the following is a consequence of A) High degree of managerial
the emphasis on individual performance in many mobility
Western societies?
24. 1) Which of the following is a closed system of Caste system
stratification in which social position is deter-
mined by the family into which a person is born,
and change in that position is usually not possible
during an individual's lifetime?
25. 1) Which of the following statements is true about
a class system?
AGB 302 Final exam bank
, AGB 302 final AGB 302 Final Exam
Study online at https://quizlet.com/_f188e1
A) Social mobility within a class
system varies from society to so-
ciety.
26. 1) Ethical systems are: A) a set of moral principles, or
values, that are used to guide
and shape behavior.
27. 1) Which of the following sociologists made a con- ) Max Weber
nection between Protestant ethics and "the spirit
of capitalism"?
28. 1) According to Islam, those who hold property trustees
are regarded as .
29. 1) There are three values central to the Confucian rule based law
system of ethics that have very important eco-
nomic implications. Which of the following is one
of these?
30. 1) For international businesses, the connection A) a strong connection is likely
between culture and competitive advantage is im- to produce the most viable com-
portant because: petitors.
31. 1) Companies can strengthen the of employees moral courage
by committing themselves to not retaliate against
employees who complain about unethical ac-
tions.
32. 1) A firm's include customers, suppliers, and external stakeholders
lenders.
33. utilitarian
AGB 302 Final exam bank
