AGB 302 Final EXAM QUESTIONS AND ANSWERS VERIFIRD 100% CORRECT

AGB 302 Final EXAM QUESTIONS AND ANSWERS VERIFIRD 100% CORRECT Anecdotal comparisons suggest that the assertion that nations that invest more in _________ will have higher growth rates is true. - ANSWER education Which of the following helps in adjusting GNI such that it accounts for the differences in The cost of living? - ANSWER purchasing power party (PPP) adjustment The righteous moralist suggests that: - ANSWER if a manager of a multinational sees That firms from other nations are not following ethical norms in a host nation, that Manager should not either The convention on combating bribery of foreign public officials in international business Transactions excludes: - ANSWER facilitating payments made to expedite routine Government action A firm's ________ include customers, suppliers, and lenders - ANSWER external Stakeholders A situation in which none of the available alternatives seems morally acceptable is Called: - ANSWER an ethical dilemma According to the Friedman doctrine: - ANSWER businesses should not undertake social expenditures beyond those mandated by the law and required for the efficient running of a business For international businesses, the connection between culture and competitive advantage Is important because: - ANSWER a strong connection is likely to produce the most Viable competitors Inadequate protections for intellectual property: - ANSWER reduce the incentive for Innovation Which of the following refers to a situation where a government does not attempt to influence through quotas or duties what its citizens can buy from another country? - ANSWER free trade In a ___________ economy, certain sectors of the economy are left to private ownership and free market mechanisms while other sectors have significant state ownership and government planning. - ANSWER mixed A market economy encourages innovation because: - ANSWER economic freedom Leads to greater incentives for innovation Several of the fastest-growing asian economies adopted more ___________ governments during the past three decades, including South Korea and Taiwan. - ANSWER democratic Which of the following statements about the legal systems of countries is true? - ANSWER they can affect the attractiveness of a country as an investment site or market. Modern socialism has been popularized largely through the work of ____________. - ANSWER karl marx Which of the following is a measure that is developed by the United Nations to measure The quality of life in different nations? - ANSWER human development index In a pure market economy: - ANSWER production is determined by the interaction of Supply and demand. Interdependent political, economic, and legal systems of a country make up its: - ANSWER political economy Child labor is permitted and widely employed in country x. Which of the following approaches to business ethics would justify the actions of the multinational company? - ANSWER cultural relativism The __________ approaches to ethics hold that the moral worth of actions or practices Is determined by their consequences. - ANSWER utilitarian Which of the following refers to the values and norms that the employees of an Organization share? - ANSWER organization culture Which of the following statements about values and norms of a culture is true? - ANSWER the values and norms of a society influence social structure According to Islam, those who hold property are regarded as _____________. - ANSWER trustees Which of the following is a closed system of stratification in which social position is determined by the family into which a person is born, and change in that position is usually not possible during an individual's lifetime? - ANSWER caste system The __________ occurs when a resource is shared by all, but owned by no one, is Overused by individuals, resulting in its degradation. - ANSWER tragedy of the Commons Companies can strengthen the __________ of employees by committing themselves to Not retaliate against employees who complain about unethical actions. - ANSWER Moral courage A Japanese executive's ritual of presenting a business card to a foreign business Executive is an example of ___________. - ANSWER folkways Ethical systems are: - ANSWER a set of moral principles, or values, that are used to Guide and shape behavior Which of the following sociologists made a connection between protestant ethics and "the spirit of capitalism"? - ANSWER max weber Which of the following is a consequence of the emphasis on individual performance in Many western societies? - ANSWER high degrees of managerial mobility Which of the following statements is true about a class system? - ANSWER social Mobility within a class system varies from society to society There are three values central to the confucian system of ethics that have very important Economic implications. Which of the following is one of these? - ANSWER honesty in Dealings with others