INBU 3301 COMPREHENSIVE FINAL REVIEW GUIDE
Privatization transfers the ownership of private property into the
hands of the state. TRUE OR FALSE?
FALSE
There is a strong relationship between economic freedom and
economic growth. TRUE OR FALSE?
TRUE
According to the opening case, Bombardier is a good example of:
A) domestic markets
B) foreign exchange
C) globalization of production
D) outsourcing
E) deregulation
C) globalization of production
The globalization of __________ refers to the sourcing of goods and
services from
locations around the globe to take advantage of national differences
in the cost and quality of factors of production (such as labor,
energy, land, and capital).
A) information technology
B) process design
C) markets
D) production
E) R&D
D) production
A firm exports a number of products to users in other countries. This
practice is referred to as __________.
A) world exchange
B) international trade
C) cross-national barter
D) situational commerce
E) multinational diversification
B) international trade
XYZ, Inc. is an auto parts distributing warehouse that exports many
of its products to consumers in other countries. XYZ Inc. can be
described as engaging in:
,A) international trade.
B) cross-border investments.
C) product development.
D) trading barriers.
E) international procurement
A) international trade
Although Inco is a Canadian company, it has invested substantial
business resources in activities outside Canada. This practice is
referred to as:
A) transnational commerce
B) foreign direct investment
C) international trade
D) organizational diversification
E) outsourcing
B) foreign direct investment
A law system that is based primarily on religious teachings, refers
to a
A) civil law system.
B) theocratic law system.
C) common law system.
D) traditional law system.
E) canon law system
B) theocratic law system
The Canadian legislation that makes bribery of a foreign official by a
Canadian business person a criminal offence is known as what?
A) Foreign Corrupt Practices Act
B) Copyright infringement
C) Corruption Perceptions Index
D) Law OECD 1998
E) Bill S-21
E) Bill S-21
Suppose you invent a new product and want to obtain the exclusive
rights to manufacture the product. To protect yourself, you should
apply for a __________ on the product.
A) trust
B) patent
C) copyright
, D) trademark
E) logo
B) patent
Suppose Apple corporation develops a new type of phone. Apple can
protect its invention through what kind of protection?
A) warrant
B) patent
C) copyright
D) trademark
E) contract
B) patent
Beth Green, a manager at Beth's Poutine Corporation, believes in
empowerment, upward mobility and motivating her employees. This
describes her __________
A) criterion
B) values
C) norms
D) culture
E) ethics
B) values
In contrast to the Western emphasis on the __________, in many other
societies the __________ is the primary unit of social organization.
A) individual; group
B) group; clan
C) coterie; individual
D) clan; group
E) individual; karoshi
A) individual; group
Historically, British society has been divided into three main
classes:
A) the upper class, the middle class, and the working class
B) the topmost class, the central class, and the bottom class
C) the preferred class, the medium class, and the lower class
D) the higher class, the central class, and the lower class
E) the monarchy, the aristocracy, and the commoners
A) upper class, middle class, working class
Geert Hofstede isolated five dimensions that he claimed
summarized different cultures. _______ is not one of Hofstede's
Privatization transfers the ownership of private property into the
hands of the state. TRUE OR FALSE?
FALSE
There is a strong relationship between economic freedom and
economic growth. TRUE OR FALSE?
TRUE
According to the opening case, Bombardier is a good example of:
A) domestic markets
B) foreign exchange
C) globalization of production
D) outsourcing
E) deregulation
C) globalization of production
The globalization of __________ refers to the sourcing of goods and
services from
locations around the globe to take advantage of national differences
in the cost and quality of factors of production (such as labor,
energy, land, and capital).
A) information technology
B) process design
C) markets
D) production
E) R&D
D) production
A firm exports a number of products to users in other countries. This
practice is referred to as __________.
A) world exchange
B) international trade
C) cross-national barter
D) situational commerce
E) multinational diversification
B) international trade
XYZ, Inc. is an auto parts distributing warehouse that exports many
of its products to consumers in other countries. XYZ Inc. can be
described as engaging in:
,A) international trade.
B) cross-border investments.
C) product development.
D) trading barriers.
E) international procurement
A) international trade
Although Inco is a Canadian company, it has invested substantial
business resources in activities outside Canada. This practice is
referred to as:
A) transnational commerce
B) foreign direct investment
C) international trade
D) organizational diversification
E) outsourcing
B) foreign direct investment
A law system that is based primarily on religious teachings, refers
to a
A) civil law system.
B) theocratic law system.
C) common law system.
D) traditional law system.
E) canon law system
B) theocratic law system
The Canadian legislation that makes bribery of a foreign official by a
Canadian business person a criminal offence is known as what?
A) Foreign Corrupt Practices Act
B) Copyright infringement
C) Corruption Perceptions Index
D) Law OECD 1998
E) Bill S-21
E) Bill S-21
Suppose you invent a new product and want to obtain the exclusive
rights to manufacture the product. To protect yourself, you should
apply for a __________ on the product.
A) trust
B) patent
C) copyright
, D) trademark
E) logo
B) patent
Suppose Apple corporation develops a new type of phone. Apple can
protect its invention through what kind of protection?
A) warrant
B) patent
C) copyright
D) trademark
E) contract
B) patent
Beth Green, a manager at Beth's Poutine Corporation, believes in
empowerment, upward mobility and motivating her employees. This
describes her __________
A) criterion
B) values
C) norms
D) culture
E) ethics
B) values
In contrast to the Western emphasis on the __________, in many other
societies the __________ is the primary unit of social organization.
A) individual; group
B) group; clan
C) coterie; individual
D) clan; group
E) individual; karoshi
A) individual; group
Historically, British society has been divided into three main
classes:
A) the upper class, the middle class, and the working class
B) the topmost class, the central class, and the bottom class
C) the preferred class, the medium class, and the lower class
D) the higher class, the central class, and the lower class
E) the monarchy, the aristocracy, and the commoners
A) upper class, middle class, working class
Geert Hofstede isolated five dimensions that he claimed
summarized different cultures. _______ is not one of Hofstede's
