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C211 - Pre-OA Test 2
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Questions in this quiz (21)
1A fundamental aspect of _____ is that it effectively conducts global business by providing an individual the right to freedom of expression and organization.
- Acommunist totalitarianism
- Bdemocracy
- Cright-wing totalitarianism
- Dtheocracy
2Which of the following is true of the common law system?
- AIt has spread to all English-speaking countries and their (former) colonies.
- BIt does not allow interpretations of the law by judges.
- CIt is the oldest legal system in the world.
- DIt bases its legal judgment primarily on the dominant religion of the country.
3______ refers to a legal system based on religious teachings.
- ACommon law
- BCivil law
- CRight-wing totalitarian law
- DTheocratic law
4The TRIPS system was designed to ____.
- Acreate IP rights that adhered to the norms of individual countries
- Bforce firms to enforce IP rights through an informal system
- Cmake sure that firms follow theocratic laws
- Dforce firms to innovate while strictly adhering to IPR guidelines
5Which of the following economies would be characterized as having a laissez faire policy?
- ACommand economy
- BPure market economy
- CSocialist economy
- DMixed economy
6Which of the following is true of a pure market economy?
- AAll factors of production are privately owned.
- BIts policies are based on religious decree.
- CAll factors of production are owned by the government.
- DIt has elements of both a market economy and a command economy.
7Which of the following is true of a command economy?
- AIt strictly follows the doctrine of laissez faire.
- BThe government only performs those functions that the private sector cannot perform.
- CIt does not allow private entrepreneurship.
- DAll factors of production are privately owned.
8For which of the following types of economies would the factors of production depend on the relative distribution of market forces versus command forces?
- APure market economy
- BStrict laissez faire economy
- CMixed economy
- DCommand economy
9Which of the following is true of private ownership?
- AIt allows financing only through nationalized banks.
- BIt tends to force firms into liquidation due to high competition.
- CIts primary objective is protecting jobs and minimizing social unrest.
- DIt empowers the government to determine firm entry.
10Which of the following is NOT a proposition of the institution-based view of global business?
- AInformal institutions do not govern firm behavior.
- BManagers and firms rationally pursue their interests and make choices within the formal and informal constraints.
- CIn situations where formal constraints are unclear, informal constraints will play a larger role in reducing uncertainty.
- DFormal and informal institutions combine to govern firm behavior
11Democracy is:
- AA political system in which power is in the hands of the military.
- BA political system in which power is in the hands of one religious party.
- CA political system in which power in the hands of one person or party.
- DA political system in which citizens elect representatives to govern the country.
12Which country follows theocratic law?
- AChina
- BSaudi Arabia
- CUnited States
- DFrance
13Which of the following statement is NOT true about market economy?
- AAll factors of production should be government owned and controlled.
- BThe government takes a hands-off approach in market economy.
- CMarket economy is characterized by the "invisible hand" of market forces.
- DThe government only performs functions the private sector cannot perform
14What are the two core propositions behind the institution-based view of global business?
- AManagers and firms pursue their interests and make choices irrationally in situations; and where formal constraints are unclear or fail, informal constraints will play a larger role in reducing uncertainty and providing constancy to managers and firms.
- BManagers and firms pursue their interests and make choices rationally in situations; and where formal constraints are unclear or fail, informal constraints will play a larger role in reducing uncertainty and providing constancy to managers and firms.
- CManagers and firms pursue their interests and make choices rationally in situations; and when formal constraints are unclear or fail, informal constraints will also fail to reduce uncertainty.
- DManagers and firms pursue their interests and make choices irrationally in situations; and when formal constraints are unclear or fail, informal constraints will also fail to reduce uncertaintv.
15Which economic system is the most common?
- AA mixed economy
- BA global economy
- CA pure command economy
- DA pure market economy
16Which of the following is NOT a proposition of the institution-based view of global business?
- AIn situations where formal constraints are unclear, informal constraints will play a larger role in reducing uncertainty.
- BManagers and firms rationally pursue their interests and make choices within the formal and informal constraints.
- CInformal institutions do not govern firm behavior.
- DFormal and informal institutions combine to govern firm behavior.
17The main supportive pillars of the informal institutions are ____.
- Anormative and cognitive
- Bcognitive and regulatory
- Cregulatory, normative, and cognitive
- Dregulatory and normative
18____ are represented by laws, regulations, and rules.
- ACognitive institutions
- BNormative instititions
- CSociocultural institutions
- DFormal institutions
19The ____ refers to the coercive power of governments.
- Aregulatory pillar
- Binformal pillar
- Cnormative pillar
- Dcognitive pillar
20Which of the following would be considered an example of formal institutions?
- ALaws
- BEthics
- CNorms
- DCultures
21In which of the following examples can the role of the cognitive pillar be identified?
- AA firm being punished for corporate espionage by the courts
- BA firm not being able to sell a certain product in a country due to the prevalent cultural beliefs
- CA firm being exposed after one of its employees turned whistleblower
- DA firm outsourcing its jobs
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- Graduate MBA - ITM Quiz on C211 - Pre-OA Test 2, created by Craig Willey on 04/09/2023.
- Author
- Craig Willey
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- English
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