C211 Competency Two - OA Review With
100% Correct Answers
The main supportive pillars of the informal institutions are _____.
a.
normative and cognitive
b.
cognitive and regulatory
c.
regulatory, normative, and cognitive
d.
regulatory and normative CORRECT ANSWERS a.
normative and cognitive
The _____ refers to the coercive power of governments.
a.
regulatory pillar
b.
informal pillar
c.
normative pillar
d.
cognitive pillar CORRECT ANSWERS a.
regulatory pillar
In which of the following examples can the role of the cognitive pillar be identified?
a.
A firm being punished for corporate espionage by the courts
b.
A firm not being able to sell a certain product in a country due to the prevalent cultural
beliefs
c.
A firm being exposed after one of its employees turned whistleblower
d.
A firm outsourcing its jobs CORRECT ANSWERS c.
A firm being exposed after one of its employees turned whistleblower
A fundamental aspect of _____ is that it effectively conducts global business by
providing an individual the right to freedom of expression and organization.
a.
communist totalitarianism
b.
democracy
c.
, right-wing totalitarianism
d.
theocracy CORRECT ANSWERS b.
democracy
Which of the following is true of the common law system?
a.
It has spread to all English-speaking countries and their (former) colonies.
b.
It does not allow interpretations of the law by judges.
c.
It is the oldest legal system in the world.
d.
It bases its legal judgment primarily on the dominant religion of the country. CORRECT
ANSWERS a.
It has spread to all English-speaking countries and their (former) colonies.
_____ refers to a legal system based on religious teachings.
a.
Common law
b.
Civil law
c.
Right-wing totalitarian law
d.
Theocratic law CORRECT ANSWERS d.
Theocratic law
The TRIPS system was designed to _____.
a.
create IP rights that adhered to the norms of individual countries
b.
force firms to enforce IP rights through an informal system
c.
make sure that firms follow theocratic laws
d.
force firms to innovate while strictly adhering to IPR guidelines CORRECT ANSWERS
d.
force firms to innovate while strictly adhering to IPR guidelines
Which of the following is true of a pure market economy?
a.
All factors of production are privately owned.
b.
Its policies are based on religious decree.
c.
100% Correct Answers
The main supportive pillars of the informal institutions are _____.
a.
normative and cognitive
b.
cognitive and regulatory
c.
regulatory, normative, and cognitive
d.
regulatory and normative CORRECT ANSWERS a.
normative and cognitive
The _____ refers to the coercive power of governments.
a.
regulatory pillar
b.
informal pillar
c.
normative pillar
d.
cognitive pillar CORRECT ANSWERS a.
regulatory pillar
In which of the following examples can the role of the cognitive pillar be identified?
a.
A firm being punished for corporate espionage by the courts
b.
A firm not being able to sell a certain product in a country due to the prevalent cultural
beliefs
c.
A firm being exposed after one of its employees turned whistleblower
d.
A firm outsourcing its jobs CORRECT ANSWERS c.
A firm being exposed after one of its employees turned whistleblower
A fundamental aspect of _____ is that it effectively conducts global business by
providing an individual the right to freedom of expression and organization.
a.
communist totalitarianism
b.
democracy
c.
, right-wing totalitarianism
d.
theocracy CORRECT ANSWERS b.
democracy
Which of the following is true of the common law system?
a.
It has spread to all English-speaking countries and their (former) colonies.
b.
It does not allow interpretations of the law by judges.
c.
It is the oldest legal system in the world.
d.
It bases its legal judgment primarily on the dominant religion of the country. CORRECT
ANSWERS a.
It has spread to all English-speaking countries and their (former) colonies.
_____ refers to a legal system based on religious teachings.
a.
Common law
b.
Civil law
c.
Right-wing totalitarian law
d.
Theocratic law CORRECT ANSWERS d.
Theocratic law
The TRIPS system was designed to _____.
a.
create IP rights that adhered to the norms of individual countries
b.
force firms to enforce IP rights through an informal system
c.
make sure that firms follow theocratic laws
d.
force firms to innovate while strictly adhering to IPR guidelines CORRECT ANSWERS
d.
force firms to innovate while strictly adhering to IPR guidelines
Which of the following is true of a pure market economy?
a.
All factors of production are privately owned.
b.
Its policies are based on religious decree.
c.
