,1. A corporate language refers to ________.
o d. language used for all formal communications within an MNE
2. What is the most fundamental question in the field of international
business?
o d. What determines the success and failure of firms around the
globe?
3. Which of the following is NOT a characteristic of the legal processes of
common law?
o a. Lawyers are few therefore cheap
4. Walter Eucken is known as a key intellectual inspiration for which
scholarly school of thought?
o a. The German form of market economy
5. Which of the following refers to an economic system where all factors of
production are state-owned?
o d. Command economy
6. In a collective society, people belonging to the in-group have an
advantage...
o b. Other members of the same group will trust them more
, 7. _________ refers to the rules by which shareholders and other interested
parties control corporate decision makers.
o a. Corporate governance
8. Which of the following indicates high power distance?
o c. Addressing your manager with a formal pronoun
9. Which of the following is NOT a primary institution grounded in the legal
system that needs to be in place for competition to deliver the desired
outcomes as identified by Walter Eucken?
o a. The economic liability of economic agents
10. Globalisation is often accelerated through the removal of regulatory
restrictions on businesses. This is commonly called ________.
o b. Liberalisation
11. ________ are firms that engage in foreign direct investment.
o b. Multinational enterprises
12. Globalisation remains a matter in the developed economies in a Triad.
Which three regions make up a Triad?
o b. North America, Western Europe and Japan
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