MGMT 5351 Exam 1 Practice

Which of the following statements is a feature of Aristotelian virtue ethics?

They focus on core, individual behaviors and actions and how they express and form individual character.

Which of the following views the individual as part of, rather than separate from, nature?

Eastern philosophy

Which of the following statements is true about utilitarianism?

It is an attractive perspective for business decision making.

Which of the following statements is true about Kantian philosophical traditions?

They argue that individuals have responsibilities based on a core set of moral principles that go beyond those of narrow self-interest.

Unlike Western perspectives, Eastern perspectives

typically hold that people are an intrinsic and inseparable part of the universe.

In the context of human rights, which of the following best reflects a glass ceiling effect?

Unequal managerial opportunities

In early 2010, the issue of relatively low wages paid by _____ subcontractors made the headlines after a number of suicides by workers at factories run by Foxconn.

Chinese

Which of the following statements is true about women's rights and gender equity in Japan?

Many women college graduates are still offered only secretarial or low-level jobs.

Which of the following scenarios best exemplifies a glass ceiling effect?

Sheba is not considered for the role of a senior manager because she is a woman.

NGOs that seek to promote ethical and socially responsible business practices are generating substantial changes in all of the following areas except _____.

business development

According to the latest corruption index of countries around the world, the country with the lowest level of perceived corruption is

Denmark.

According to the latest corruption index of countries around the world, the country with the highest level of perceived corruption is

Somalia.

The Transparent Agents Against Contracting Entities (TRACE) standard was developed to

prevent the shifting of corrupt practices to suppliers and intermediaries.

Which of the following statements is incorrect about the treaty that initially included 29 nations that belong to the Organization for Economic Cooperation and Development (OECD) and marked a victory for the United States?

It outlaws most payments to political party leaders.

Which of the following statements about the Transparent Agents Against Contracting Entities (TRACE) is incorrect?

It was established by Latin American companies.

NGOs that seek to promote ethical and socially responsible business practices are generating substantial changes in all of the following areas except

business development

In November 2015, on the opening day of the United Nations climate summit in Paris, which of the following MNCs announced that it would no longer provide financing to coal-mining companies in both the developed and developing world?

Wells Fargo

All of the following are examples of NGOs except

OECD.

Which of the following is likely to present an opportunity for MNCs to make a positive impact in developing countries?

Adoption and exportation of best practices

According to the principles of the global compact, the elimination of discrimination with respect to employment and occupation falls under the category of

labor.

Corporate governance

can be defined as the system by which business corporations are directed and controlled.

In the context of corporate governance, the U.K. and U.S. systems have been termed _____ systems because of dispersed ownership of corporate equity among a large number of external investors.

outsider

All of the following regions are associated with "crony capitalism" except

Europe

The seventeen Sustainable Development Goals include

reduction of poverty

Which of the following constitutes an ambitious agenda to significantly improve the human condition by 2030?

The seventeen Sustainable Development Goals

In the context of socialism, Karl Marx believed that

governments should own businesses

In the context of collectivism, the Greek philosopher Plato believed that

property should be commonly owned

Adopters of individualism adhere to the philosophy that

people should be free to pursue economic and political endeavors without constraint.

Which of the following is one of the biggest problems in Russia and in other transition economies?

Corruption

Political repression and denial of rights and civil liberties are dominant ideals of

totalitarianism.

Aspects and degrees of the totalitarian form of government are still found in

Vietnam, Cuba, and North Korea.

In the context of the four foundations on which laws are based around the world, civil or code law

Is derived from Roman law.

_____ comes from English law and is the foundation of the legal system in the United States, Canada, England, Australia, New Zealand, and others.

Common law

When compared with domestic law, international law is less coherent because

it contains unwritten understandings that arise from repeated interactions among nations.

The _____ holds that every country has jurisdiction (authority or power) over its citizens no matter where they are located

nationality principle

The _____ holds that there must be mutual respect for the laws, institutions, and the government of other countries in the matter of jurisdiction over their own citizens

doctrine of comity

U.S. laws require equality in the workplace for all employees. U.S. citizens who take a job in Germany cannot sue their German employer under the provisions of U.S. law for failure to provide equal opportunity for them. This exemplifies the

principle of sovereignty

An act that makes it illegal to influence foreign officials through personal payment or political contributions is referred to as the

Foreign Corrupt Practices Act.

Critics of the Foreign Corrupt Practices Act feared the loss of sales to foreign competitors, especially in those countries where

bribery is an accepted way of doing business.

Many foreign governments applauded the investigations under the Foreign Corrupt Practices Act (FCPA) because it helped them

crack down on corruption in their own country.

In the context of bureaucratization, Japanese businesses are becoming aware of the fact that

local consumers are paying a heavy price due to the bureaucratic red tape.

A firm in the country of Batangonia that sells secret government blueprints of the country of Cambrialand for a satellite system can be subjected to the Cambrialand laws. This scenario exemplifies

the protective principle.

According to the World Bank, which of the following economies does not rank high on the ease-of-doing-business index?

The Philippines

In the context of the trends in technology, communication, and innovation, the creation of a digital framework:

allowed high-power computer performance at low cost.

The most popular form of e-business is for

B2B dealings

Identify a correct statement about cellular infrastructure.

It is quick and relatively inexpensive to install.

In the context of telecommunications, governments are accepting the belief that the only way to attract foreign investment and know-how in telecommunications is to:

cede control to private industry

In the context of offshoring, which of the following factors has placed pressure on multinational corporations to outsource production?

Mounting cost pressure

In the context of telecommunications, identify a true statement about developing countries.

Counterfeit smartphones remain an issue in many emerging markets.

In the context of technological advancements, outsourcing, and offshoring, multinational corporations have moved certain production activities overseas to capitalize on

cheap labor resources.

_____ is the process of applying management concepts and techniques in a multinational environment and adapting management practices to different economic, political, and cultural environments.

International management

To qualify as a multinational corporation (MNC), a firm must meet all of the following criteria except

sales of at least one million dollars per year

The subcontracting or contracting out of activities to external organizations that had previously been performed by a firm is called

Outsourcing

The _____ is a free-trade agreement among the United States, Canada, and Mexico that has removed most barriers to trade and investment.

NAFTA

Agreements like NAFTA and CAFTA..

not only reduce barriers to trade but also require additional domestic legal and business reforms in developing nations to protect property rights

The Asian economic block, made up of Indonesia, Malaysia, the Philippines, Singapore, Brunei, Thailand, Cambodia, Myanmar, and Vietnam, is referred to as the

Association of Southeast Asian Nations (ASEAN).

Which of the following statements is true according to the reports that were released in 2004 and 2011 by the Goldman Sachs global economics team?

The BRIC (Brazil, Russia, India, and China) economies' share of world growth could rise significantly from 2003 to 2025.

According to the World Trade Organization, in 2017 merchandise exports:

reached $17.5 trillion

The Trans-Pacific Partnership (TPP) is a trade agreement among 12 Pacific Rim countries, including:

Peru, the United States, and Vietnam

Which of the following economies is projected to become the largest by 2050 using market exchange rates?

China

A _____ is comparable to a monopoly in the sense that an organization, in this case the government, has explicit control over the price and supply of a good or service.

command economy

A _____ exists when private enterprise reserves the right to own property and monitor the production and distribution of goods and services while the state simply supports competition and efficient practices.

market economy

The challenge for the future of the European Union is to

absorb its eastern neighbors.

_____ is the United States' largest trading partner, a position it has held for many years.

Canada

In the context of established economies, the United States has considerable foreign direct investment in

Canada.

Which of the following statements is true of the economic system of North America?

The free-market-based economy of this region allows considerable freedom in decision-making processes of private firms

A factory, the majority of which are located in Mexican border towns, that imports materials and equipment on a duty- and tariff-free basis for assembly or manufacturing and re-export is referred to as

a maquiladora.

In the context of established economies, which of the following observations about NAFTA is incorrect?

Mexican firms can now export goods into the European community only by paying a heavy tariff.

The ultimate objective of the European Union is to

eliminate all trade barriers among member countries.

In the context of established economies, the European Union

has largely achieved the reality of a single currency and a regional central bank.

Which of the following statements is true about the economy of Poland?

Poland's economy was the only economy in the European Union to grow during the global recession of 2008-2009.

A _____ can be defined as an organizational arrangement in Japan in which a large, often vertically integrated group of companies cooperate and work closely with each other to provide goods and services to end users.

keiretsu

In addition to Japan and China, the important economies in Asia are

South Korea, Hong Kong, Singapore, and Taiwan.

In the context of emerging and developing economies, identify a true statement about China.

Foreign businesses need to maintain a delicate balance between the communist and the capitalist systems in China.

Which of the following countries was among the world's 10 most competitive nations in 2018?

Singapore

___is the process by which companies undertake some activities at offshore locations instead of their countries of origin

Offshoring

he United States, Canada, and Mexico make up the _____, which in essence has removed all barriers to trade among these countries and created a huge North American market.

North American Free Trade Agreement

The Asian economic block, made up of Indonesia, Malaysia, the Philippines, Singapore, Brunei, Thailand, Cambodia, Myanmar, and Vietnam, is referred to as the:

Association of Southeast Asian Nations (ASEAN).

_____ is the term used to indicate the amount invested in property, plant, and equipment in another country.

Foreign Direct Investment

Which of the following economies is projected to become the largest by 2050 using market exchange rates?

China

A _____ exists when private enterprise reserves the right to own property and monitor the production and distribution of goods and services while the state simply supports competition and efficient practices.

market economy

In the context of established economies, the United States has considerable foreign direct investment in _____.

Canada

A factory, the majority of which are located in Mexican border towns, that imports materials and equipment on a duty- and tariff-free basis for assembly or manufacturing and re-export is referred to as _____.

maquiladora

The ultimate objective of the European Union is to:

eliminate all trade barriers among member countries

Which of the following statements is true about the economy of Poland?

Poland's economy was the only economy in the European Union to grow during the global recession of 2008-2009.

In addition to Japan and China, the important economies in Asia are:

South Korea, Hong Kong, Singapore, and Taiwan

Which of the following countries was among the world's 10 most competitive nations in 2018?

Singapore

In the context of socialism, Karl Marx believed that

governments should own businesses

Adopters of individualism adhere to the philosophy that:

people should be free to pursue economic and political endeavors without constraint

Political repression and denial of rights and civil liberties are dominant ideals of _____.

totalitarianism

In the context of the four foundations on which laws are based around the world, civil or code law:

is derived from Roman law.

The _____ holds that governments have the right to rule themselves as they see fit.

principle of sovereignty

The _____ holds that every country has jurisdiction over behavior that adversely affects its national security, even if that conduct occurred outside the country.

protective principle

In the context of the treatment and rights of aliens, countries have the legal right to refuse admission of foreign citizens and to impose special restrictions on all of the following except _____.

spending

In the context of bureaucratization, which of the following statements is true of Japan?

Government bureaucracy can create a false sense of security among Japanese businesses.

A firm in the country of Batangonia that sells secret government blueprints of the country of Cambria land for a satellite system can be subjected to the Cambria land laws. This scenario exemplifies _____.

the protective principle

Which of the following is defined as the equipping of physical objects, such as cars, televisions, and buildings, with sensors, software, and network connectivity, allowing them to share information and data with each other?

The Internet of Things

Identify a correct statement about cellular infrastructure.

It is quick and relatively inexpensive to install.

In the context of offshoring, which of the following factors has placed pressure on multinational corporations to outsource production?

Mounting cost pressure

In the context of technological advancements, outsourcing, and offshoring, low-paid workers in India and Asian countries now are being given subcontracted work such as _____.

code-writing jobs