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Exam Guide 2 (2021/22)
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The document contains frequently asked questions and possible solutions for business management module.
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Compiled by Tello Email:muzavazi47@gmail.com Mobile: +27717513144Disclaimer
The Exam pack 2 is centred on INT4801 2021/22 random questions. It is a
product of internal and external research that includes the study guide,
prescribed text books and other authentic sources. It is therefore, advised for
students not to share it as it is for the benefit of paying students. For clarity,
students are free to call on the provided number and/ email.
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,Compiled by Tello Email:muzavazi47@gmail.com Mobile: +27717513144
Table of Contents
Disclaimer ............................................................................................................... 1
Question 1: Critically evaluate the importance of World Trade Organization (WTO) as
a regulatory body in international arrangements [30]. ................................................ 4
Introduction. ............................................................................................................ 4
World Trade Organisation.................................................................................... 4
Conclusion. ............................................................................................................. 7
Question 2: Enumerate the major provisions of the Doha Round and the continued
relevance of WTO as a global trading body [30]. ....................................................... 8
Introduction. ............................................................................................................ 8
Doha Round negotiations. ................................................................................... 8
Non-agricultural market access. .......................................................................... 9
Trade facilitation. ................................................................................................. 9
Rules and regulations (Anti-dumping & Subsidies agreements). ....................... 10
Environmental preservation and awareness. ..................................................... 10
Importance of WTO as a global trading body. ................................................... 10
Food regime ideology. ....................................................................................... 11
Rules vs Culture. ............................................................................................... 11
Power and influence. ......................................................................................... 11
Regulations........................................................................................................ 12
Conclusion. ........................................................................................................... 12
Question 3: Report on the credits and criticisms levelled against some of the global
institutions which are charged with responsibility to bring about socioeconomic
changes [25]............................................................................................................. 13
Introduction. .......................................................................................................... 13
Multinational Enterprises. .................................................................................. 13
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Location specific advantages............................................................................. 13
Free market view. .............................................................................................. 14
Radical view. ..................................................................................................... 14
Conclusion. ........................................................................................................... 15
Question 4: Discuss the concepts of “ethical dilemma” in an international business
context [15]............................................................................................................... 16
Introduction. .......................................................................................................... 16
Ethics. ................................................................................................................ 16
Business ethics. ................................................................................................. 16
Ethics vs Profits (Friedman Doctrine). ............................................................... 17
Cultural relativism. ............................................................................................. 17
Utilitarianism. ..................................................................................................... 18
Conclusion. ........................................................................................................... 18
Bibliography ............................................................................................................. 19
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