問題一覧
1
Which item is a factor of production ?
capital
2
Companies can strengthen the _ of employees by committing themselves to not retaliate against employees who complain about unethical actions
moral courage
3
Patents, inventions, formulas, processes, designs, copyrights, and trademarks are all forms of
intangible property
4
When Casio sells its calculator in countries across the world,it doesn’t need to worry too much about customizing the product to local needs and preferences becuase calculator is a _ need
universal
5
Which statement is true of firms that compete in the global marketplace?
Because differentiation across countries can involve significant duplication and a lack of product standardisation, it may raise costs.
6
Which statement is true regarding an international business?
An international business must find ways to work within the limits imposed by government intervention .
7
For firms selling a product that serves universal needs but not facing significant competition a _ strategy makes sense.
international
8
_ is best defined as shared assump7ons about how things ought to be
culture
9
According to the point of view, a firm should adopt the ethics of the culture in which it is operating.
cultural relativism
10
The social organisation of Western society tends to emphasize on
individual achievement.
11
A British firm that sets up production units in China is accused of releasing untreated chemical waste into water bodies. The manager of the firm defends the firm sating that factories in China set up by French and American firms also release untreated chemical waste into water bodies. What approach to business ethics is the manager using?
naive immoralist
12
Those who are proponents of totalitarianism believe that _
one person or political party should exercise absolute control over all spheres of human life.
13
supports the idea that countries should export more than they import.
mercantilism
14
What is the primary advantage of licensing?
It helps a firm avoid the development costs and risks associated with opening a foreign market.
15
Which scenario is an example of a greenfield investment?
A Chinese sugar maker sets up a sugar crushing facility in Cuba.
16
Under the system, cases are judged with reference to three characteristics: tradition, precedent, and custom.
common law
17
Which view of FDI traces its roots to classical economics and the international trade theories of Adam Smith and David Ricardo?
free market
18
The costs and risks associated with doing business in a foreign country are typically
low in an economically advanced nation.
19
Globalisation has resulted in
an increase in the use of outsourcing.
20
A concern of some economists regarding regional integration is that _
the benefits of regional integration may have been oversold, integration the costs have been ignored.