BUS-D 270 FINAL EXAM QUESTIONS WITH VERIFIED
ANSWERS
The main problem with economic measurements of a country include all of the following
except - Answers - A. Internal and external market conditions are constantly changing
B. Markets are complex and unique
C. Markets are interdependent on each other
**D. Corrupt officials try to hide the data**
From the lecture, a changing New World Economic Order refers to - Answers - A. The
fact that democracy is under retreat
**B. The rise of emerging economies**
C. The economic success experienced by totalitarian governments
D. The use of terrorism to appropriate resources such as oil
A system in which individuals, rather than the state, decide how to work, produce,
consume, save, and invest describes which of the following? - Answers - A. Monetary
freedom
B. Trade freedom
**C. Economic freedom**
D. Financial freedom
E. Business freedom
The types of firms representing the changing New World Economic Order are known as
- Answers - A. The Fortune 500 BEM firms
B. The Forbes 100 Emerging Market firms
C. The McKinsey new world players
**D. The BCG New Global Challengers**
Speaking of the 2013 BCG Global Challengers, these 100 firms did not appear just
overnight. One main reason for how they got to be where they are was that - Answers -
**A. They have been protected from foreign competition by their governments for a long
time**
B. They have had highly skilled labor at home for many years
C. They became serious about wanting to become global in the 1980s.
D. They are all in some way connected to the energy sector or to infrastructure
development
The BCG 100 New Global Challengers did not appear overnight. They got here for all of
the following reasons EXCEPT - Answers - A. Large appetite for risk and global
ambition
B. Access to low cost resources like labor
C. Protected access to their home markets
,D. Freedom from legacy assets
**E. Weak enforcement of corruption at home**
Speaking of Balance of Payment accounts emphasized in the lecture, the country with
the largest current account surplus is - Answers - A. Japan
**B. Germany**
C. USA
D. Brazil
Speaking of economic stereotypes, if a person could be born today in a country with a
favorable economic situation, they would probably choose - Answers - A. France
B. Brazil
**C. Norway**
D. Switzerland
Speaking of economic systems in the world, the most common type is - Answers - A.
Market
B. Control
**C. Mixed**
D. Command
The broadest measure of economic activity for a country is known as which of the
following? - Answers - A. Economic Freedom Index
B. National Wellness Index
C. Net National Product
**D. Gross National Income**
E. Human Development Index
Which of the following supports the idea of a company with a green economics focus? -
Answers - A. A company is looking to cut costs by any means necessary.
B. A company is concerned only with monetary gain.
C. A company ignores its ecological footprint.
**D. A company is concerned with how it is affecting the environment.**
Speaking of re-emerging economies, when did emerging economies lose their
dominance versus developed economies? - Answers - A. Around 1000 AD
B. By 1820
**C. Between 1820 and 1913**
D. Around 1500
An analyst in a Toronto, Canada-based multinational is examining the economic
environment of a developing country where a manufacturing firm might be located. The
analyst is investigating the country's trade and financial transactions which were
conducted by all the individuals, business, and government agencies in that country,
compared to the rest of the world, over the last year. The analyst is examining which of
the following? - Answers - A. Productivity
, B. Macro economic strategy
C. Income distribution
**D. Balance of Payments**
E. Laissez faire policies
You work in a country whose economy demonstrates low inflation, high employment
rates, and open trade policies. According to the economic system test, where does your
economy stand? - Answers - A. Your economy is average.
B. Your economy needs some work.
C. Your economy is in transition.
D. Your economy is failing.
**E. Your economy is successful.**
The idea that actions in one market influence outcomes in another is called what? -
Answers - A. System complexity
B. Market dynamism
C. Globalization
D. Data overload
**E. Market interdependence**
A major concern with the rise of Big Emerging Markets is the increased use of energy.
This was illustrated by - Answers - A. The use of electricity to power appliances
B. The use of water as cities grow
C. The consumption of steel as infrastructure improves
**D. The consumption of oil as income rises**
According to Fortune magazine, in the shantytown of Dharavi, outside of Mumbai, India,
approximately 85 percent of the households have a television. This example illustrates
which of the following? - Answers - A. Low income distribution
**B. Potential for the Bottom of the Pyramid markets**
C. Low productivity
D. Extreme poverty
E. Low internal debt
The news source credited with identifying the countries that are part of the New World
Economic Order was - Answers - A. The Wall Street Journal
B. Bloomberg Business Week
**C. The Economist**
D. The Financial Times
Which of the following is NOT an example of government intervention in a mixed
economy? - Answers - A. A national government redistributes income and wealth in
order to pursue an equity objective, by creating socialized medicine or welfare
programs.
B. A national government influences private production by buying goods or services.
ANSWERS
The main problem with economic measurements of a country include all of the following
except - Answers - A. Internal and external market conditions are constantly changing
B. Markets are complex and unique
C. Markets are interdependent on each other
**D. Corrupt officials try to hide the data**
From the lecture, a changing New World Economic Order refers to - Answers - A. The
fact that democracy is under retreat
**B. The rise of emerging economies**
C. The economic success experienced by totalitarian governments
D. The use of terrorism to appropriate resources such as oil
A system in which individuals, rather than the state, decide how to work, produce,
consume, save, and invest describes which of the following? - Answers - A. Monetary
freedom
B. Trade freedom
**C. Economic freedom**
D. Financial freedom
E. Business freedom
The types of firms representing the changing New World Economic Order are known as
- Answers - A. The Fortune 500 BEM firms
B. The Forbes 100 Emerging Market firms
C. The McKinsey new world players
**D. The BCG New Global Challengers**
Speaking of the 2013 BCG Global Challengers, these 100 firms did not appear just
overnight. One main reason for how they got to be where they are was that - Answers -
**A. They have been protected from foreign competition by their governments for a long
time**
B. They have had highly skilled labor at home for many years
C. They became serious about wanting to become global in the 1980s.
D. They are all in some way connected to the energy sector or to infrastructure
development
The BCG 100 New Global Challengers did not appear overnight. They got here for all of
the following reasons EXCEPT - Answers - A. Large appetite for risk and global
ambition
B. Access to low cost resources like labor
C. Protected access to their home markets
,D. Freedom from legacy assets
**E. Weak enforcement of corruption at home**
Speaking of Balance of Payment accounts emphasized in the lecture, the country with
the largest current account surplus is - Answers - A. Japan
**B. Germany**
C. USA
D. Brazil
Speaking of economic stereotypes, if a person could be born today in a country with a
favorable economic situation, they would probably choose - Answers - A. France
B. Brazil
**C. Norway**
D. Switzerland
Speaking of economic systems in the world, the most common type is - Answers - A.
Market
B. Control
**C. Mixed**
D. Command
The broadest measure of economic activity for a country is known as which of the
following? - Answers - A. Economic Freedom Index
B. National Wellness Index
C. Net National Product
**D. Gross National Income**
E. Human Development Index
Which of the following supports the idea of a company with a green economics focus? -
Answers - A. A company is looking to cut costs by any means necessary.
B. A company is concerned only with monetary gain.
C. A company ignores its ecological footprint.
**D. A company is concerned with how it is affecting the environment.**
Speaking of re-emerging economies, when did emerging economies lose their
dominance versus developed economies? - Answers - A. Around 1000 AD
B. By 1820
**C. Between 1820 and 1913**
D. Around 1500
An analyst in a Toronto, Canada-based multinational is examining the economic
environment of a developing country where a manufacturing firm might be located. The
analyst is investigating the country's trade and financial transactions which were
conducted by all the individuals, business, and government agencies in that country,
compared to the rest of the world, over the last year. The analyst is examining which of
the following? - Answers - A. Productivity
, B. Macro economic strategy
C. Income distribution
**D. Balance of Payments**
E. Laissez faire policies
You work in a country whose economy demonstrates low inflation, high employment
rates, and open trade policies. According to the economic system test, where does your
economy stand? - Answers - A. Your economy is average.
B. Your economy needs some work.
C. Your economy is in transition.
D. Your economy is failing.
**E. Your economy is successful.**
The idea that actions in one market influence outcomes in another is called what? -
Answers - A. System complexity
B. Market dynamism
C. Globalization
D. Data overload
**E. Market interdependence**
A major concern with the rise of Big Emerging Markets is the increased use of energy.
This was illustrated by - Answers - A. The use of electricity to power appliances
B. The use of water as cities grow
C. The consumption of steel as infrastructure improves
**D. The consumption of oil as income rises**
According to Fortune magazine, in the shantytown of Dharavi, outside of Mumbai, India,
approximately 85 percent of the households have a television. This example illustrates
which of the following? - Answers - A. Low income distribution
**B. Potential for the Bottom of the Pyramid markets**
C. Low productivity
D. Extreme poverty
E. Low internal debt
The news source credited with identifying the countries that are part of the New World
Economic Order was - Answers - A. The Wall Street Journal
B. Bloomberg Business Week
**C. The Economist**
D. The Financial Times
Which of the following is NOT an example of government intervention in a mixed
economy? - Answers - A. A national government redistributes income and wealth in
order to pursue an equity objective, by creating socialized medicine or welfare
programs.
B. A national government influences private production by buying goods or services.
