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  5. INT4801 - International Business (INT4801)

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INT4801 EXAM/POE GUIDE 2
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The document contains frequently asked questions and it provides possible answers with examples that would help students to equip themselves before writing an examination.

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  • November 25, 2021
  • 20
  • 2021/2022
  • Exam (elaborations)
  • Questions & answers

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Compiled by Tello Email:muzavazi47@gmail.com Mobile: +27717513144




Disclaimer

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.




+27717513144 Page 1

,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



+27717513144 Page 2

, Compiled by Tello Email:muzavazi47@gmail.com Mobile: +27717513144


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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