Exam (elaborations)
Business and Society
- Course
- Institution
- Book
Business and Society
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
Business and Society
-
Business and Society
-
Test Bank for Business and Society Stakeholders Ethics Public Policy 17th Edition By Anne Lawrence, ISBN 978-0071289368||Chapter 1-19
Seller
Follow
kushboopatel6867
Reviews received
Content preview
TEST BANK for Business and Society 17th Edition byLawrence & Weber
Which statement best supports the claim that greater uniformity replaces diversity
in the context of global markets? - ANSWER: As rival global firms follow each other
across countries, they bring with them their brand names, products, and marketing
strategies from other national markets, thus creating some homogeneity across
markets.
The range of problems that a manager in an international business faces is typically
more complex than those faced by a manager in a domestic business. - ANSWER:
True
Ivory Piano is headquartered in Michigan and has production plants in Mexico and
Indonesia. Ivory Piano is an example of - ANSWER: a multinational enterprise.
Which statement reflects the changing demographics of the global economy? -
ANSWER: U.S. dominance in export markets has waned as Japan, Germany, and a
number of newly industrialized countries have taken a larger share of world exports.
Monique, a French fashion designer, sells her merchandise by exporting it to retail
stores in the United States, United Kingdom, and Brazil. According to this
information, Monique is participating in - ANSWER: international trade.
One criticism of globalization is that falling trade barriers encourage companies to
locate manufacturing activities in another country to take advantage of lower wage
rates. - ANSWER: True
Containerization has revolutionized the transportation business, significantly
lowering the costs of shipping goods over long distances. - ANSWER: True
As a result of globalization, international businesses can avoid the haggle of currency
exchanges during cross-border transactions. - ANSWER: False
The lowering of trade and investment barriers creates fewer opportunities for
companies to have the world as their market. - ANSWER: False
Tomorrow's Tech Inc., a U.S.-based company, has productive activities in more than
two countries. Tomorrow's Tech is what type of enterprise? - ANSWER: multinational
, Morning Fresh Skin Care, a U.S.-based beauty products manufacturer, has set up a
manufacturing plant in Hong Kong. This is an example of - ANSWER: foreign direct
investment
Sanjay purchased a computer for $500 in 2018. Compared to the $900 computer
that he purchased in 2011, the new one seems better in terms of the price he has
paid and the power of the microprocessor technology. This is best explained by -
ANSWER: Moores law
On an island nation, citizens are restricted in how much land they can own if it
creates opposition to the rule of the "common good." What is the political system of
the island based on? - ANSWER: collectivism
A government of a European nation believes that its citizens should have complete
freedom in their economic and political pursuits, and the ideology is "private profit
over public good." It can be said that this nation follows the philosophy of - ANSWER:
individualism
Shondra Watson, a U.S.-based business executive, paid the equivalent of $30 to an
official of a European country to expedite the overnight delivery of critical
documents necessary to expedite a work permit. When questioned, Shondra claimed
this was a way to facilitate the performance of an obligation that was already agreed
upon. The $30 is an example of - ANSWER: grease payment
After the collapse of communism in Russia, successful business owners often had to
pay "protection money" to the mafia or face violent retribution. In the context of
property rights, the behavior of the mafia is an example of - ANSWER: private action
While he was shopping for new clothes, Sanjay noticed there was a sale on shirts by
Tommy Hilfiger. The Tommy Hilfiger name is an officially registered __________ in
menswear clothing. - ANSWER: trademark
Nolan is a lawyer representing Killian Auto Group in a lawsuit. During the trial, Nolan
referred to a court case from twenty years ago and asked the witness if she felt
Killian Auto Group had acted in a similar manner as the company in the previous
case. When Nolan referred to the previous court case, he was relying on __________
to make his case. - ANSWER: precedent
A European government took Scottish Alliance, a domestic energy firm, into state
ownership to save the company from bankruptcy. However, the other private
competitors in the energy industry were enraged by this decision. As a result, the
government had to reduce the tax burden on all private energy firms so that both
the state-owned enterprise and private firms could coexist. What type of economy
does this portray? - ANSWER: mixed
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller kushboopatel6867. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now