Exam (elaborations)
Exam Guide 2 (2021/22)
- Course
- Bcom Business Management
- Institution
- University Of Pretoria (UP)
The document contains frequently asked questions and possible solutions for business management module.
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The Exam pack 2 is centred on INT4801 2021/22 random questions. It is a
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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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