AGB 302 FINAL EXAM QUESTIONS WITH COMPLETE SOLUTIONS ALREADY PASSED!!

AGB 302 FINAL EXAM QUESTIONS WITH COMPLETE SOLUTIONS ALREADY PASSED!! which of the following is a step in the shift towards a market based economic system? 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 __________ trademarks ________, a nobel prize-winning economist, has argued that development is not just an economic process, but it is a political one as well. 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 ________. privatization one of the reasons for the spread of democracy is the emergence of _____________ who have pushed for democratic reforms. increasingly prosperous middle and working classes which of the following areas of international trade is regulated by the Foreign Corrupt Practice Act? 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. individualism the state can expropriate the profits from innovation through legal means, such as ____________. excessive taxation a free market economy in which property rights are protected leads to subsequent economic growth, which often leads to the establishment of: a democratic regime under the ___________, cases are judged with reference to three characteristics: tradition, precedent, and custom. common law system anecdotal comparisons suggest that the assertion that nations that invest more in _________ will have higher growth rates is true. education which of the following helps in adjusting GNI such that it accounts for the differences in the cost of living? 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. mixed a market economy encourages innovation because: 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. democratic which of the following statements about the legal systems of countries is true? they can affect the attractiveness of a country as an investment site or market. modern socialism has been popularized largely through the work of ____________. 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? human development index in a pure market economy: production is determined by the interaction of supply and demand. interdependent political, economic, and legal systems of a country make up its: 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? cultural relativism the __________ approaches to ethics hold that the moral worth of actions or practices is determined by their consequences. utilitarian which of the following refers to the values and norms that the employees of an organization share? organization culture which of the following statements about values and norms of a culture is true? the values and norms of a society influence social structure according to Islam, those who hold property are regarded as _____________. 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? caste system the __________ occurs when a resource is shared by all, but owned by no one, is overused by individuals, resulting in its degradation. tragedy of the commons companies can strengthen the __________ of employees by committing themselves to not retaliate against employees who complain about unethical actions. moral courage a Japanese executive's ritual of presenting a business card to a foreign business executive is an example of ___________. folkways ethical systems are: 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"? max weber which of the following is a consequence of the emphasis on individual performance in many western societies? high degrees of managerial mobility which of the following statements is true about a class system? 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? honesty in dealings with others the righteous moralist suggests that: 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: facilitating payments made to expedite routine government action a firm's ________ include customers, suppliers, and lenders external stakeholders a situation in which none of the available alternatives seems morally acceptable is called: an ethical dilemma according to the Friedman doctrine: 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: a strong connection is likely to produce the most viable competitors inadequate protections for intellectual property: 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? free trade which of the following is a theory that can be used to justify limited government intervention to support the development of certain export-oriented industries? new trade theory a key issue in the "millennium round" of the WTO was to: further reduce barriers to cross-border trade and investment many firms, of all national origins, increasingly depend on __________ for their competitive advantage globally dispersed production systems WTO rules allow countries to ___________ foreign goods that are being sold cheaper than at home, or below their cost of production, even when domestic producers can show that they are being harmed impose antidumping duties on