Exam (elaborations)

International Business MKTG 317 Quizzes (1 - 5) | Questions and Answers

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Course
MKTG 317

Institution
MKTG 317

International Business MKTG 317 Quizzes (1 - 5) | Questions and Answers Quiz 1 A _______economy follows the principles of collectivism as resources are allocated based on "the common good" Command Corinne has analysed the overall attractiveness of doing business with three possible countries and ...

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mktg 317 quizzes
international business mktg 317 quizzes 1 5
international business mktg 317
international business mktg 317

Institution MKTG 317
Course MKTG 317

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International Business MKTG 317 Quizzes (1 - 5)

Quiz 1

A _______economy follows the principles of collectivism as resources are allocated
based on "the common good"
Command

Corinne has analysed the overall attractiveness of doing business with three possible
countries and has determined that country A is the best choice based on the potential
for huge economic growth that should occur there because of recent advances in
technology. Which factor of overall attractiveness is Corinne basing her decision on?
Benefits

What is an accurate description of how the political economy of many of the world’s
nation-states has changed radically since the late 1980s?
There had been a move away from centrally planned and mixed economies and toward
a more free market economic model

Julie asked her assistant to determine the gross national income of three different
countries by evaluating the GNI against the cost of living in the United States. What
Measure is Julie asking her assistant to use?
Purchasing power parity

TimeForce, a U.S. based company is planning to expand operations to a foreign
country. Considering the factors that make a country attractive as a place in which to do
business, which country should TimeForce consider entry?
Country D, which has Democratic institutions and a market-based economic system

As a judge in France, Maurice is not allowed to interpret the law but relies on a strict set
of codes to determine the outcome of a case, Which type of law is in place in France?
Civil Law System

A country that has _____ lowers the risk of doing business in that country
The presence of a strong legal system

James is the warehouse supply manager for a major tool corporation. It is his job to take
inventory of the tools the company has available and send orders to make more tools
when supplies run low. The supply and demand form of production is and example of a
____ economy.
Market

A country that has lax intellectual property laws will find that ....
Firms will be reluctant to enter into such a country

, The spreed of democracy among countries is most likely to lead to ....
The promotion of greater competition

Quiz 2

Which of these is not used to determine culture?
Geography

Which of the following Best increases a country's competitive advantage and its
attractiveness as a location for international business?
education system that is well developed

Within the context of the individual as the basic unit of a social organization, what is an
implication of the emphasis on individualism in many Western societies?
High degree of managerial mobility between companies

Which of the following statements is true with regard to Geert Hofstede's cultural
dimensions?
Members of high uncertainty avoidance cultures have a strong need for rules and
regulations

In the Republic of Nabu, natives are resistant to change and do not like to take risks.
They value job security and retirement benefits. In addition, they have a strong need for
rules and regulations. Based on this information, the Republic of Nabu demonstrates
which cultural dimension by Hofstede?
High uncertainty avoidance

MaryAnn is always late to meetings and she knows she needs to be better about being
on time because it is expected by almost everyone living in the United States. This
attitude toward time is an example of a ....
folkway

Folkways are the routine conventions of everyday life. Generally, folkways are actions
of little moral significance. Rather, they are social conventions concerning things such
as the appropriate dress code in a particular situation, good social manners, eating with
the correct utensils, neighborly behavior, and the like. Although folkways define the way
people are expected to behave, violation of them is not normally a serious matter

The social rules and guidelines that prescribe appropriate behavior in particular
situations are called
Norms

Jason runs a manufacturing company. He hires five people based on their physical
abilities because they are to lift heavy boxes in the stockroom and 2 people based who
are able to strategically plan the company's next steps. Jason realizes that people are

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Exam (elaborations)

International Business MKTG 317 Quizzes (1 - 5) | Questions and Answers

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