AGB 302 Final 100% SOLUTION

AGB 302 Final 100% SOLUTION which of the following is a step in the shift towards a market based economic system? - ANSWER creation of a legal system to safeguard property rights design and names by which merchants or manufacturers designate and differentiate their products are known as __________ - ANSWER trademarks ________, a nobel prize-winning economist, has argued that development is not just an economic process, but it is a political one as well. - ANSWER amartya sen in several western democracies, the poor performance of state-owned enterprises, because of protection from competition and guaranteed government financial support, led to ________. - ANSWER privatization one of the reasons for the spread of democracy is the emergence of _____________ who have pushed for democratic reforms. - ANSWER increasingly prosperous middle and working classes which of the following areas of international trade is regulated by the Foreign Corrupt Practice Act? - ANSWER preventing bribery and unethical acts in the conduct of international business the tenet of ___________ is that the welfare of society is best served by letting people pursue their own economic self-interest. - ANSWER individualism the state can expropriate the profits from innovation through legal means, such as ____________. - ANSWER excessive taxation a free market economy in which property rights are protected leads to subsequent economic growth, which often leads to the establishment of: - ANSWER a democratic regime under the ___________, cases are judged with reference to three characteristics: tradition, precedent, and custom. - ANSWER common law system 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 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