OPTIONAL PRACTICE SOM 354
questions and answers A+ graded
Collin was born into a poor family, but he worked hard during high school and went on to
receive his master's degree in business followed by a high-level job. Today he is considered
"upper middle class" and enjoys a comfortable lifestyle. Collin's journey is an example of -
correct answer ✔✔social mobility
A country's national competitive advantage and its attractiveness as a location for international
business are most influenced by - correct answer ✔✔a well-developed education system
In the Republic of Nabu, natives are resistant to change and do not like to take risks. They value
job security and retirement benefits. In addition, they have a strong need for rules and
regulations. Based on this information, the Republic of Nabu demonstrates which cultural
dimension identified by Hofstede? - correct answer ✔✔high uncertainty avoidance
several factors that are probably more important to an explanation of differential economic
growth rates over time than culture include - correct answer ✔✔political systems
within the context of the individual as the basic unit of social organization, what is a
manifestation of the emphasis on individualism in many Western societies? - correct answer
✔✔high degree of managerial mobility between companies
Jamal operates a company that manufactures dog food. He pays his factory workers minimum
wage, while he pays his managers twice as much with profit sharing. This represents which of
Hofstede's cultural dimensions? - correct answer ✔✔power distance
, Madeline is always late to meetings. She knows she needs to improve her time management
because it is a typical expectation in the United States. This attitude toward time is an example
of a - correct answer ✔✔folkway
Which l;anguage is spoken as the mother tongue by the largest number of people in the world?
- correct answer ✔✔mandarin
Charlize is from South Africa and believes that the customs and beliefs of her culture are
superior to those she has encountered during her trip to America. Charlize's attitude is an
example of - correct answer ✔✔ethnocentrism
Which scenario best represents a mores violation? - correct answer ✔✔Bribing a government
official in a country where bribery is illegal
The economic and strategic advantages that accrue to early entrants into an industry is called -
correct answer ✔✔first-mover advantages
Aesha works for a moderately priced running shoe manufacturer and while their products are
lower in cost, there is a high degree of consumer pressure to create the best quality running
shoes possible and to constantly innovate with new designs. Which aspect of Porter's Diamond
does this demonstrate? - correct answer ✔✔demand conditions
A situation in which an economic gain by one country results in a economic loss by another is
called a - correct answer ✔✔zero-sum game
Simone lives in a county in which the government does not impose quotas on what can be
imported or on what businesses can produce and sell to another country. What type of situation
does this describe? - correct answer ✔✔free trade
If France is more efficient at producing fine wines than other nations, then France has an -
correct answer ✔✔absolute advantage
questions and answers A+ graded
Collin was born into a poor family, but he worked hard during high school and went on to
receive his master's degree in business followed by a high-level job. Today he is considered
"upper middle class" and enjoys a comfortable lifestyle. Collin's journey is an example of -
correct answer ✔✔social mobility
A country's national competitive advantage and its attractiveness as a location for international
business are most influenced by - correct answer ✔✔a well-developed education system
In the Republic of Nabu, natives are resistant to change and do not like to take risks. They value
job security and retirement benefits. In addition, they have a strong need for rules and
regulations. Based on this information, the Republic of Nabu demonstrates which cultural
dimension identified by Hofstede? - correct answer ✔✔high uncertainty avoidance
several factors that are probably more important to an explanation of differential economic
growth rates over time than culture include - correct answer ✔✔political systems
within the context of the individual as the basic unit of social organization, what is a
manifestation of the emphasis on individualism in many Western societies? - correct answer
✔✔high degree of managerial mobility between companies
Jamal operates a company that manufactures dog food. He pays his factory workers minimum
wage, while he pays his managers twice as much with profit sharing. This represents which of
Hofstede's cultural dimensions? - correct answer ✔✔power distance
, Madeline is always late to meetings. She knows she needs to improve her time management
because it is a typical expectation in the United States. This attitude toward time is an example
of a - correct answer ✔✔folkway
Which l;anguage is spoken as the mother tongue by the largest number of people in the world?
- correct answer ✔✔mandarin
Charlize is from South Africa and believes that the customs and beliefs of her culture are
superior to those she has encountered during her trip to America. Charlize's attitude is an
example of - correct answer ✔✔ethnocentrism
Which scenario best represents a mores violation? - correct answer ✔✔Bribing a government
official in a country where bribery is illegal
The economic and strategic advantages that accrue to early entrants into an industry is called -
correct answer ✔✔first-mover advantages
Aesha works for a moderately priced running shoe manufacturer and while their products are
lower in cost, there is a high degree of consumer pressure to create the best quality running
shoes possible and to constantly innovate with new designs. Which aspect of Porter's Diamond
does this demonstrate? - correct answer ✔✔demand conditions
A situation in which an economic gain by one country results in a economic loss by another is
called a - correct answer ✔✔zero-sum game
Simone lives in a county in which the government does not impose quotas on what can be
imported or on what businesses can produce and sell to another country. What type of situation
does this describe? - correct answer ✔✔free trade
If France is more efficient at producing fine wines than other nations, then France has an -
correct answer ✔✔absolute advantage
