3. Globalization is criticized because it increases the power of _____.
7. Which of the following areas of international trade is regulated by the Foreign Corrupt Practices Act?
Ā |
Making and performing commercial contracts in international trade. |
Ā |
Preventing bribery and unethical acts in the conduct of international business. |
Ā |
Establishing a set of safety standards to which a new product must adhere. |
Ā |
Controlling the mafia activity that hinders trade in Russia, Japan, and the U.S. |
8. Which of the following is a measure that is developed by the United Nations to measure the quality of life in different nations?
Ā |
Gross national income |
Ā |
Human Development Index |
Ā |
Purchasing power parity |
Ā |
Gross domestic product |
9. According to Hernando de Soto, which of the following factors is essential for the developing world to be able to reap the benefits of innovation and entrepreneurship?
Ā |
Detailed state planning |
Ā |
Restricting direct investment by foreign enterprises |
Ā |
Strong property rights |
Ā |
Market regulation |
10.Which of the following refers to the extent to which individuals can move out of the strata into which they are born?
Ā |
Caste stratification |
Ā |
Class system |
Ā |
Social mobility |
Ā |
Individual potential |
11.Which of the following is an example of ethnocentrism?
Ā |
A manager in India looks down upon his subordinates because they are from a lower caste, compared to him. |
Ā |
An upper-middle-class woman talks rudely to a salesperson because she looks down upon individuals belonging to the working-class. |
Ā |
An American manager criticizes the cultural practices of Saudi Arabia when he is sent there on business because it differs from his own cultural norms. |
Ā |
A French business owner, who plans to expand his market to China, conducts a detailed cultural study of China to customize his marketing campaign. |
13An international U.S. based company sets up a production unit in a developing country with poor environmental regulations. This contributes to:
Ā |
the noblesse obliges the situation. |
Ā |
the inequity aversion. |
Ā |
the global tragedy of the commons. |
Ā |
the Friedman effect. |
Ā