D270 Final Davis Questions with Verified
Correct Answers
In class, we discussed the catfish case. In that case, the catfish farmers in the USA were
able to convince the U.S. Congress to pass a law that would require what?
Require inspection of all catfish sold in the U.S.
All of the following statements are true about emerging economies EXCEPT:
have overtaken the U.S.A. as the economic leader in the world
The BRIC's countries have all of the following EXCEPT:
strong infrastrucutre
Country X is in the process of transforming from a command economy to a market
economy. This process most likely involves
privatization of many factors of production
Which of the following is the most important business objective for pursuing ethical
behavior?
developing competitive advantages
What is the primary reason that Anglo American PLC developed its ART program?
maintain a healthy workforce
Which of the following statements is most likely true about the post-conventional level
of moral development?
Individuals behave morally because they believe such actions are right.
, You are traveling on business in England. You land at the airport and change some of
your country's money into English pounds. After you check into your hotel, you walk
down the street in London to a grocery store and buy 6 bottles of Coca-Cola to keep in
your hotel room while you are there. When you return to your room you use your
calculator to see how much Coca-Cola costs in your country's money. You realize that it
costs about 30% more to buy Coca-Cola than in your country. The difference in price is
an example of
The purchasing power parity
You are a manager for McDonald's Corporation. Your boss tells you that the company
is thinking about putting restaurants in a new foreign country that McDonald's has not
been to before. Your boss is very interested in finding out if the economic system of this
new country will be a good one for McDonald's sales. He tells you that the new
country's economy is based on optimizing economic efficiency, promoting
egalitarianism, and preventing self-interest. What type of economy does this new
country have?
Mixed Economy
The President of India is considering limiting exports to unfriendly countries. An
argument against the President taking this action would be that
The cost of the sanctions are placed on innocent people rather than on the leaders of the
countries.
All of the following statements are true about G20 countries EXCEPT:
Less than half of the world's poor people live in G20 countries
Correct Answers
In class, we discussed the catfish case. In that case, the catfish farmers in the USA were
able to convince the U.S. Congress to pass a law that would require what?
Require inspection of all catfish sold in the U.S.
All of the following statements are true about emerging economies EXCEPT:
have overtaken the U.S.A. as the economic leader in the world
The BRIC's countries have all of the following EXCEPT:
strong infrastrucutre
Country X is in the process of transforming from a command economy to a market
economy. This process most likely involves
privatization of many factors of production
Which of the following is the most important business objective for pursuing ethical
behavior?
developing competitive advantages
What is the primary reason that Anglo American PLC developed its ART program?
maintain a healthy workforce
Which of the following statements is most likely true about the post-conventional level
of moral development?
Individuals behave morally because they believe such actions are right.
, You are traveling on business in England. You land at the airport and change some of
your country's money into English pounds. After you check into your hotel, you walk
down the street in London to a grocery store and buy 6 bottles of Coca-Cola to keep in
your hotel room while you are there. When you return to your room you use your
calculator to see how much Coca-Cola costs in your country's money. You realize that it
costs about 30% more to buy Coca-Cola than in your country. The difference in price is
an example of
The purchasing power parity
You are a manager for McDonald's Corporation. Your boss tells you that the company
is thinking about putting restaurants in a new foreign country that McDonald's has not
been to before. Your boss is very interested in finding out if the economic system of this
new country will be a good one for McDonald's sales. He tells you that the new
country's economy is based on optimizing economic efficiency, promoting
egalitarianism, and preventing self-interest. What type of economy does this new
country have?
Mixed Economy
The President of India is considering limiting exports to unfriendly countries. An
argument against the President taking this action would be that
The cost of the sanctions are placed on innocent people rather than on the leaders of the
countries.
All of the following statements are true about G20 countries EXCEPT:
Less than half of the world's poor people live in G20 countries
