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Exam (elaborations)

Gmu Bus 200 Midterm Questions And Correct Answers

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GMU BUS 200 MIDTERM QUESTIONS AND CORRECT ANSWERS

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Between 2010 and 2015, the following occurred in Uruguay:


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Economy grew and inequality did not grow




Eco-efficiency rests on all of the following principles EXCEPT


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Reclaim




Which one of the following characterizes a private company?

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It is usually dominated by a few insiders




Which one of the following describes the economies of poor developing countries?


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Focus on primary production, notably agriculture and natural resources




Which of the following business functions occurs in every business, however small?


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Accounting




Licensing


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Mode of Market Entry
-mid level risk
-local company and MNE agreement for the local company to produce ad
deliver to term agreements




What are the three sets of advantages in the theory of the OLI paradigm?

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Ownership, location and internalization




Which of the following business functions is subject to a system based on Islamic law
for application in Islamic contexts?


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Banking and finance




Fall in transportation


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closer to supply, technology helps delivery, characteristic of globalization




The Industrial revolution began with


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The cottage textile industry in England




Drives of Globalization?


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, technology- seek locations where it's flourishing
transportation- close to supply, efficient production, close to customers
detoriation of home business environment- market saturation, taxes and
regulation




Global Commons


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resource domains that are not within th jurisdiction of any one country.
High seas, atmosphere, antartica and outer space




Labor rights include all but which one of the following?


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Right of employees to have a representative on the board of the firm




Reasons why businesses globalize


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new customers
competition
cost reduction
effieciency
following customers

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