ABG 302 FINAL EXAM
which of the following sociologists made a connection between
protestant ethics and “the spirit of capitalism”? – ANSWERmax weber
which of the following is a consequence of the emphasis on
individual performance in many western societies? – ANSWERhigh degrees of managerial mobility
which of the following statements is true about a class system? –
ANSWER- social mobility within a class system varies from
society to society
there are three values central to the confucian system of ethics
that have very important economic implications. which of the
following is one of these? – ANSWER- honesty in dealings with
others
the righteous moralist suggests that: – ANSWER- if a manager
of a multinational sees that firms from other nations are not
following ethical norms in a host nation, that manager should
not either
the convention on combating bribery of foreign public officials
in international business transactions excludes: – ANSWERfacilitating payments made to expedite routine government
action
a firm’s __ include customers, suppliers, and lenders –
ANSWER- external stakeholders
a situation in which none of the available alternatives seems
morally acceptable is called: – ANSWER- an ethical dilemma
according to the Friedman doctrine: – ANSWER- businesses
should not undertake social expenditures beyond those
mandated by the law and required for the efficient running of a
business
for international businesses, the connection between culture and
competitive advantage is important because: – ANSWER- a
strong connection is likely to produce the most viable
competitors
inadequate protections for intellectual property: – ANSWERreduce the incentive for innovation
which of the following refers to a situation where a government
does not attempt to influence through quotas or duties what its
citizens can buy from another country? – ANSWER- free trade
which of the following is a theory that can be used to justify
limited government intervention to support the development of
certain export-oriented industries? – ANSWER- new trade
theory
a key issue in the “millennium round” of the WTO was to: –
ANSWER- further reduce barriers to cross-border trade and
investment
many firms, of all national origins, increasingly depend on
_ for their competitive advantage – ANSWERglobally dispersed production systems
WTO rules allow countries to __ foreign goods that
are being sold cheaper than at home, or below their cost of
production, even when domestic producers can show that they
are being harmed – ANSWER- impose antidumping duties on
the theory of comparative advantage suggests that trade is a
_ game in which all countries that participate realize
economic gains – ANSWER- positive-sum
___ are levied as a proportion of the value of the
imported good – ANSWER- ad valorem tariffs
according to Ricardo’s theory of comparative advantage, a
country should produce goods: – ANSWER- that it produces
most efficiently
are unit cost reductions associated with a large
scale of output – ANSWER- economies of scale
the __ argues that a large proportion of the world’s new
products had been developed by U.S. firms – ANSWER- product
life-cycle theory
a company that sells its product in a foreign market below the
cost of production may be accused of – ANSWER- dumping
David Ricardo’s theory of comparative advantage explains
global trade in terms of the: – ANSWER- international
differences in labor productivity
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