AGB 302 EXAMS CORRECT ANSWERS AND
QUESTIONS SET A+
✔✔What cultural element includes both spoken and nonverbal communication? -
✔✔Language
✔✔What were Hofstede's four original cultural dimensions? - ✔✔Power distance,
uncertainty avoidance, individualism, masculinity
✔✔Which Hofstede dimension concerns time, persistence, status, tradition, and
reciprocity? - ✔✔Long-term orientation
✔✔What term means believing that one's own culture is superior to others? -
✔✔Ethnocentrism
✔✔What term refers to accepted principles of right and wrong governing conduct? -
✔✔Ethics
✔✔What are the major ethical issues facing international firms? - ✔✔Employment,
human rights, pollution, corruption, and moral obligations
✔✔What occurs when a shared resource is overused because no one owns it? -
✔✔Tragedy of the commons
✔✔What concept says managers should consider the social consequences of business
decisions? - ✔✔Social responsibility
✔✔What idea says successful businesses should behave honorably and give back to
society? - ✔✔Noblesse oblige
✔✔What is a situation in which none of the available choices seems ethically
acceptable? - ✔✔Ethical dilemma
, ✔✔What major factors can contribute to unethical managerial behavior? - ✔✔Personal
ethics, culture, goals, leadership, and decision processes
✔✔Which ethical view says business should increase profits while staying within the
law? - ✔✔Friedman doctrine
✔✔Which ethical approach says firms should follow the standards of the host culture? -
✔✔Cultural relativism
✔✔Which approaches mean following home-country ethics versus copying other firms'
unethical behavior? - ✔✔Righteous moralist vs. naïve immoralist
✔✔Which approach judges actions by whether good consequences outweigh bad
consequences? - ✔✔Utilitarian ethics
✔✔Which approach says people should be treated as ends and never merely as
means? - ✔✔Kantian ethics
✔✔Which theories argue that fundamental human rights transcend national boundaries
and cultures? - ✔✔Rights theories
✔✔Which theories focus on fair and equitable distribution of economic goods and
services? - ✔✔Justice theories
✔✔What exists when government does not restrict what citizens can import or export? -
✔✔Free trade
✔✔Which trade theory promotes exports, limits imports, and seeks a trade surplus? -
✔✔Mercantilism
✔✔What advantage exists when a country produces a good more efficiently than any
other country? - ✔✔Absolute advantage
✔✔Which theory says countries should specialize in goods they produce relatively more
efficiently? - ✔✔Comparative advantage
✔✔Which theory explains trade patterns through differences in national factor
endowments? - ✔✔Heckscher-Ohlin theory
✔✔What finding showed U.S. exports were less capital intensive than U.S. imports? -
✔✔Leontief Paradox
QUESTIONS SET A+
✔✔What cultural element includes both spoken and nonverbal communication? -
✔✔Language
✔✔What were Hofstede's four original cultural dimensions? - ✔✔Power distance,
uncertainty avoidance, individualism, masculinity
✔✔Which Hofstede dimension concerns time, persistence, status, tradition, and
reciprocity? - ✔✔Long-term orientation
✔✔What term means believing that one's own culture is superior to others? -
✔✔Ethnocentrism
✔✔What term refers to accepted principles of right and wrong governing conduct? -
✔✔Ethics
✔✔What are the major ethical issues facing international firms? - ✔✔Employment,
human rights, pollution, corruption, and moral obligations
✔✔What occurs when a shared resource is overused because no one owns it? -
✔✔Tragedy of the commons
✔✔What concept says managers should consider the social consequences of business
decisions? - ✔✔Social responsibility
✔✔What idea says successful businesses should behave honorably and give back to
society? - ✔✔Noblesse oblige
✔✔What is a situation in which none of the available choices seems ethically
acceptable? - ✔✔Ethical dilemma
, ✔✔What major factors can contribute to unethical managerial behavior? - ✔✔Personal
ethics, culture, goals, leadership, and decision processes
✔✔Which ethical view says business should increase profits while staying within the
law? - ✔✔Friedman doctrine
✔✔Which ethical approach says firms should follow the standards of the host culture? -
✔✔Cultural relativism
✔✔Which approaches mean following home-country ethics versus copying other firms'
unethical behavior? - ✔✔Righteous moralist vs. naïve immoralist
✔✔Which approach judges actions by whether good consequences outweigh bad
consequences? - ✔✔Utilitarian ethics
✔✔Which approach says people should be treated as ends and never merely as
means? - ✔✔Kantian ethics
✔✔Which theories argue that fundamental human rights transcend national boundaries
and cultures? - ✔✔Rights theories
✔✔Which theories focus on fair and equitable distribution of economic goods and
services? - ✔✔Justice theories
✔✔What exists when government does not restrict what citizens can import or export? -
✔✔Free trade
✔✔Which trade theory promotes exports, limits imports, and seeks a trade surplus? -
✔✔Mercantilism
✔✔What advantage exists when a country produces a good more efficiently than any
other country? - ✔✔Absolute advantage
✔✔Which theory says countries should specialize in goods they produce relatively more
efficiently? - ✔✔Comparative advantage
✔✔Which theory explains trade patterns through differences in national factor
endowments? - ✔✔Heckscher-Ohlin theory
✔✔What finding showed U.S. exports were less capital intensive than U.S. imports? -
✔✔Leontief Paradox
