BADM Exam Questions & Answers
Latest Updated A+ Pass
1. West electronic corporation's sources goods and services for its electronics products
from different locations around the globe in an attempt to take advantage of differences
in the cost and quality of labor and land. This practice demonstrates the: - Answer-
Globalization of production
2. Which of the following best exemplifies foreign direct investment (FDI)? - Answer- a.
Chivalry, a U.S. based phone manufacturing company, has set up its own assembly
plant in japan to cater to the needs of the Asian market
3. The motive behind the high tariffs imposed by nations on imports of manufactured
goods, prior to world war II, was to: - Answer- a. Protect domestic industries from
foreign competition
4. The lowering of trade and investment barriers - Answer- a. Allows firms to base
production at optimal locations outside their home country
5. Which of the following has been declining in the developing nations of the world such
as china, India, Russia, Indonesia, Thailand, south Korea, Mexico, and brazil/ - Answer-
a. Barriers to the free flow of goods, services and capital
6. While the lowering of trade barriers made globalization of markets and production a
theoretical possibility, which of the following has made it a tangible reality? - Answer- a.
The advances in communication, information processing, and transportation
technologies
7. The advent of containerization has: - Answer- a. Significantly lowered the costs of
shipping goods over long distances
8. Which of the following countries has seen a relative decline in its share of world
output between 1960 and 2012? - Answer- a. United states
9. Which of the following statements reflects the trend in the changing nature of
multinational enterprises? - Answer- a. International business is conducted not just by
large firms but also by medium size and small enterprises
10. Which of the following statements is a general implication of globalization? -
Answer- a. As a result of globalization, a severe crisis in one region of the world can
affect the entire globe
11. Exporting jobs to low wage nations has contributed to: - Answer- a. A higher
unemployment in wealthy advanced economies such as the united states
,12. The nafta was formed in 1994 between: - Answer- a. Canada, Mexico and the
united states
1. The needs of society as a whole are generally viewed as being more important than
individual freedoms when the emphasis is on - Answer- a. Collectivism
2. Those who attempt to achieve the same ideologies as that of the communists without
violent revolution and totalitarian dictatorship are: - Answer- a. Social democrats
3. The sale of state owned enterprises to independent, nonpublic investors is referred to
- Answer- a. Privatization
4. A totalitarian political system in which a party, group or individual that represents the
interest of a particular ethnic group monopolizes political power is referred to as: -
Answer- a. Tribal totalitarianism
5. In which countries are we likely to find free market economies? - Answer- a.
Countries where individual gals are given primacy over collective goals
6. In what type of economy are all businesses state owned, the rationale being that the
government can then direct them to make investments that are in the best interests of
the nation as a whole rather than in the interests of private individuals? - Answer- a.
Pure command
7. Which of the following legal systems is most likely to be based on tradition,
precedent, and custom? - Answer- a. Common law
8. Which of the following statements is true about the difference between contracts in
common law and civil law system? - Answer- a. Contracts drafted under a common law
system tend to be longer than those drafted under a civil law system
9. Initech incorporated, a multinational giant, runs a number of diversified businesses.
Which of the following can be considered as an intellectual property of the firm? -
Answer- a. Innovations and capabilities and skills of the employees
10. Which of the following nations is most likely to be unappealing as a place for doing
business? - Answer- a. A nation that has a totalitarian political system
11. Which of the following is based on three measures; life expectancy at birth,
educational attainment, and average incomes based on PPP estimates? - Answer- a.
Human development index
12. Due to strong legal protection of property rights, businesses and individuals will: -
Answer- a. Invest more in innovations
, 13. Which of the following is most likely to be implemented by a country as a part of
deregulation? - Answer- a. Removal of price controls
14. Medplus incorporated, based in the united states, hesitates to enter into a joint
venture with Azpak Limited, a sri lankan company, due to inadequate protection of
intellectual property rights. Medplus is trying to avoid what type of risk? - Answer- a.
Legal
1. All of the following are value dimensions proposed by Hofstede except? - Answer- a.
Assertiveness
2. Societies such as Malaysia, mexico, and the Philippines that accept strong
hierarchical boss- subordinate relationships tend to score high on Hofstede's ____
dimension - Answer- a. Power distance
3. Which of the Hofstede variables would be most closely responsible for the existence
of formal rules and procedures within a given culture? - Answer- a. Masculinity
4. According to hofstede's value dimensions, _____ refers to the tendency of people to
look after themselves and their immediate family only and to neglect the needs to
society. - Answer- a. Individualism
5. Assertiveness, materialism, and a lack of concern for others are considered ____
values by Hofstede - Answer- a. Masculine
6. In a social context, the term values is used to describe the: - Answer- a. Abstract
ideas about a what a group believes to be good, right and desirable
7. Which of the following exemplifies violation of folkways best? - Answer- a. Failing to
greet a person you know
8. Which of the following best exemplifies violation of mores? - Answer- a. Committing a
financial fraud
9. Which of the following is an ethical system that has influenced behavior and shaped
culture in parts of Asia and is not considered as a religion? - Answer- a. Confucianism
10. Which of the following best exemplifies ethnocentrism? - Answer- a. Bryans belief in
the superiority of his culture has resulted in conflicts with his colleagues from different
countries
11. Mudarabah and murabaha are - Answer- a. Islamic banking methods
12. A major distinction between a conventional bank and an Islamic bank is that Islamic
banks - Answer- a. Cannot pay or charge interest
Latest Updated A+ Pass
1. West electronic corporation's sources goods and services for its electronics products
from different locations around the globe in an attempt to take advantage of differences
in the cost and quality of labor and land. This practice demonstrates the: - Answer-
Globalization of production
2. Which of the following best exemplifies foreign direct investment (FDI)? - Answer- a.
Chivalry, a U.S. based phone manufacturing company, has set up its own assembly
plant in japan to cater to the needs of the Asian market
3. The motive behind the high tariffs imposed by nations on imports of manufactured
goods, prior to world war II, was to: - Answer- a. Protect domestic industries from
foreign competition
4. The lowering of trade and investment barriers - Answer- a. Allows firms to base
production at optimal locations outside their home country
5. Which of the following has been declining in the developing nations of the world such
as china, India, Russia, Indonesia, Thailand, south Korea, Mexico, and brazil/ - Answer-
a. Barriers to the free flow of goods, services and capital
6. While the lowering of trade barriers made globalization of markets and production a
theoretical possibility, which of the following has made it a tangible reality? - Answer- a.
The advances in communication, information processing, and transportation
technologies
7. The advent of containerization has: - Answer- a. Significantly lowered the costs of
shipping goods over long distances
8. Which of the following countries has seen a relative decline in its share of world
output between 1960 and 2012? - Answer- a. United states
9. Which of the following statements reflects the trend in the changing nature of
multinational enterprises? - Answer- a. International business is conducted not just by
large firms but also by medium size and small enterprises
10. Which of the following statements is a general implication of globalization? -
Answer- a. As a result of globalization, a severe crisis in one region of the world can
affect the entire globe
11. Exporting jobs to low wage nations has contributed to: - Answer- a. A higher
unemployment in wealthy advanced economies such as the united states
,12. The nafta was formed in 1994 between: - Answer- a. Canada, Mexico and the
united states
1. The needs of society as a whole are generally viewed as being more important than
individual freedoms when the emphasis is on - Answer- a. Collectivism
2. Those who attempt to achieve the same ideologies as that of the communists without
violent revolution and totalitarian dictatorship are: - Answer- a. Social democrats
3. The sale of state owned enterprises to independent, nonpublic investors is referred to
- Answer- a. Privatization
4. A totalitarian political system in which a party, group or individual that represents the
interest of a particular ethnic group monopolizes political power is referred to as: -
Answer- a. Tribal totalitarianism
5. In which countries are we likely to find free market economies? - Answer- a.
Countries where individual gals are given primacy over collective goals
6. In what type of economy are all businesses state owned, the rationale being that the
government can then direct them to make investments that are in the best interests of
the nation as a whole rather than in the interests of private individuals? - Answer- a.
Pure command
7. Which of the following legal systems is most likely to be based on tradition,
precedent, and custom? - Answer- a. Common law
8. Which of the following statements is true about the difference between contracts in
common law and civil law system? - Answer- a. Contracts drafted under a common law
system tend to be longer than those drafted under a civil law system
9. Initech incorporated, a multinational giant, runs a number of diversified businesses.
Which of the following can be considered as an intellectual property of the firm? -
Answer- a. Innovations and capabilities and skills of the employees
10. Which of the following nations is most likely to be unappealing as a place for doing
business? - Answer- a. A nation that has a totalitarian political system
11. Which of the following is based on three measures; life expectancy at birth,
educational attainment, and average incomes based on PPP estimates? - Answer- a.
Human development index
12. Due to strong legal protection of property rights, businesses and individuals will: -
Answer- a. Invest more in innovations
, 13. Which of the following is most likely to be implemented by a country as a part of
deregulation? - Answer- a. Removal of price controls
14. Medplus incorporated, based in the united states, hesitates to enter into a joint
venture with Azpak Limited, a sri lankan company, due to inadequate protection of
intellectual property rights. Medplus is trying to avoid what type of risk? - Answer- a.
Legal
1. All of the following are value dimensions proposed by Hofstede except? - Answer- a.
Assertiveness
2. Societies such as Malaysia, mexico, and the Philippines that accept strong
hierarchical boss- subordinate relationships tend to score high on Hofstede's ____
dimension - Answer- a. Power distance
3. Which of the Hofstede variables would be most closely responsible for the existence
of formal rules and procedures within a given culture? - Answer- a. Masculinity
4. According to hofstede's value dimensions, _____ refers to the tendency of people to
look after themselves and their immediate family only and to neglect the needs to
society. - Answer- a. Individualism
5. Assertiveness, materialism, and a lack of concern for others are considered ____
values by Hofstede - Answer- a. Masculine
6. In a social context, the term values is used to describe the: - Answer- a. Abstract
ideas about a what a group believes to be good, right and desirable
7. Which of the following exemplifies violation of folkways best? - Answer- a. Failing to
greet a person you know
8. Which of the following best exemplifies violation of mores? - Answer- a. Committing a
financial fraud
9. Which of the following is an ethical system that has influenced behavior and shaped
culture in parts of Asia and is not considered as a religion? - Answer- a. Confucianism
10. Which of the following best exemplifies ethnocentrism? - Answer- a. Bryans belief in
the superiority of his culture has resulted in conflicts with his colleagues from different
countries
11. Mudarabah and murabaha are - Answer- a. Islamic banking methods
12. A major distinction between a conventional bank and an Islamic bank is that Islamic
banks - Answer- a. Cannot pay or charge interest
