MGT 302 MGT302 Quiz Chapter 1 Answers (Indiana)

MGT 302 MGT302 Quiz Chapter 1 Answers (Indiana)


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MGT 302 Quiz Chapter 1 (Indiana)

_____ is the most widely spoken language in the world, and is increasingly becoming the language of international business.

Bribes are legal payments meant to facilitate performance of duties that the recipients are already obligated to perform.

Which of the following is most likely to be advocated by individualism?

It is possible that economic growth in developed nations has offset the fall in the share of national income enjoyed by unskilled workers, raising their living standards.

Which of the following organizations was established at the 1993 Uruguay Round?

Which of the following statements is true about the difference between contracts in common law and civil law systems?

_____ refers to the shift toward a more integrated and interdependent world economy.

The Boldovian government took Sea Lion Inc., a domestic, private shipbuilding firm, into state ownership to save the company from bankruptcy. However, the other private competitors in the shipbuilding industry were raged at this decision of the government. As a result, the government had to reduce the tax burden on all other private shipbuilding firms so that both the state-owned enterprise and private firms could co-exist. According to this information, Boldovia has most likely adopted a _____ economy.

_____ isolated four dimensions-power distance, uncertainty avoidance, individualism versus collectivism, and masculinity versus femininity-that he claimed summarized different cultures.

Containerization has revolutionized the transportation business, significantly lowering the costs of shipping goods over long distances.

According to the World Values Survey, as countries get richer, a shift occurs away from "traditional values" linked to religion, family, and country, and toward "secular rational" values.

Which of the following legal systems is most likely to be based on tradition, precedent, and custom?

The World Trade Organization, the International Monetary Fund and its sister institution the World Bank, and the United Nations were all created by voluntary agreement between individual nation-states.

Which of the following is the most dominant religion in the world in terms of numbers of adherents?

_____ is an international treaty that committed signatories to lowering barriers to the free flow of goods across national borders and is the predecessor to the World Trade Organization.

Which of the following statements is true about the changing demographics of the global economy?

Values provide the context within which a society's norms are established and justified.

The term political economy is used to stress the fact that the political, economic, and legal systems of a country are independent of each other.

Universal Lingo, a UK based language translation company employing just 65 people worldwide, has an annual turnover of $1.5 million. In this context, Universal Lingo is most likely to be classified as a(n):

In American society, the high degree of social mobility and the extreme emphasis on individualism have resulted in the emergence of class consciousness.

The NAFTA was formed in 1994 between:

Which of the following is a religion that prohibits the payment or receipt of interest, as it is considered to be usury?

In which countries are we likely to find free market economies?

Which of the following statements is most likely to be true of outsourcing?

Which of the following statements is true about most Western societies?


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