1|Page
LSUS MBA 776 Exam 1 (Ch. 1-4) 2026 EXAM
||VERIFIED EXAM!!|| MOST RECENT EXAM ACTUAL
COMPLETE REAL EXAM QUESTIONS AND CORRECT
ANSWERS (VERIFIED ANSWERS) ALREADY GRADED
A+|| NEWEST EXAM!!
People's Republic of China (PRC) (4) - Answer-- Most
important national market aside from U.S.
- Dramatic economic and social changes in China.
- Events in 2000 had profound effect on China's economy.
(Ex - Admission to the World Trade Organization; U.S.
granting permanent normal trade relations to China
(PNTR).)
- Group of regions, not single country. (China's diversity,
size and political organization makes this necessary.)
- Global competitor
- Has issues to resolve to reach full potential
What issues does PRC face to reach full potential? (4) -
Answer-1. human rights and legal systems issues
2. environmental decline associated with fast growth
3. demographic disaster associated with one-child policy
(reversal of policy led to gender discrimination)
,2|Page
4. discrimination against those moving form rural to urban
areas.
Taiwan, the Republic of China (ROC) - Answer-1.
Mainland-Taiwanese economic relations improved when
both entered the WTO. (restrictions ended, three direct
links - transportation, trade, and communications)
2. Trade benefits both countries. (China offers cheap labor
+ Taiwan's costs are rising, Taiwan's tech powerhouses
get access to China's market)
3. Political tensions with China's rising over Beijing's
efforts to undermine democracy in Hong Kong.
Who are the 4 "Asian Tigers"? - Answer-1. Hong Kong
2. South Korea
3. Singapore
4. Taiwan
Japan was a key player in the economic development of
these countries.
,3|Page
Characteristics of the "Asian Tigers"? - Answer-- fastest
growing economies in region since '80s and '90s
- often described as the 'East Asian Miracle'
- First countries to move from developing to industrialized
status
- Major influence in trade and economies of world
(expanding activity to other parts of Asia in particular)
Association of Southeast Asian Nations (ASEAN) - 3 -
Answer-1. the primary multinational trade group in Asia
2. had problems unifying economies of member nations.
- - all members once had similar products and resources
to export
- - intra-ASEN trade hampered; no demand for common
products
- - most early growth cam e from trade outside of ASEAN
3. members now have the fastest growing economies in
region.
What are the four causes of vigorous economic growth for
ASEAN members? - Answer-1. governments commitment
to deregulation, liberalization, and privatization of their
economies
, 4|Page
2. decision to shift economies from commodity based to
manufacturing based.
3. decision to specialize in manufacturing components in
which they have a comparative advantage.
4. Japan's emergence as a major provider of technology
and capital.
What is ASEANs vision for 2025? - Answer-commitment to
implementing AFTA (ASEAN Free Trade Area)
ASEAN +3 (2 with subpoints) - Answer-1. created after the
Asian financial crisis of 1997-1998
- - easy Asia felt let down with the west did not help
- - wanted to be more self sufficient
2. ASEAN members plus China, Japan, and South Korea
- - foreign and finance ministers from each country
- - meet after annual ASEAN meeting
- - goal to protect Asian currency from future attack
-- talks of creating common market across all of Asia
APEC (Asia Pacific Economic Cooperation) - 3 - Answer-
1. formed in 1989
LSUS MBA 776 Exam 1 (Ch. 1-4) 2026 EXAM
||VERIFIED EXAM!!|| MOST RECENT EXAM ACTUAL
COMPLETE REAL EXAM QUESTIONS AND CORRECT
ANSWERS (VERIFIED ANSWERS) ALREADY GRADED
A+|| NEWEST EXAM!!
People's Republic of China (PRC) (4) - Answer-- Most
important national market aside from U.S.
- Dramatic economic and social changes in China.
- Events in 2000 had profound effect on China's economy.
(Ex - Admission to the World Trade Organization; U.S.
granting permanent normal trade relations to China
(PNTR).)
- Group of regions, not single country. (China's diversity,
size and political organization makes this necessary.)
- Global competitor
- Has issues to resolve to reach full potential
What issues does PRC face to reach full potential? (4) -
Answer-1. human rights and legal systems issues
2. environmental decline associated with fast growth
3. demographic disaster associated with one-child policy
(reversal of policy led to gender discrimination)
,2|Page
4. discrimination against those moving form rural to urban
areas.
Taiwan, the Republic of China (ROC) - Answer-1.
Mainland-Taiwanese economic relations improved when
both entered the WTO. (restrictions ended, three direct
links - transportation, trade, and communications)
2. Trade benefits both countries. (China offers cheap labor
+ Taiwan's costs are rising, Taiwan's tech powerhouses
get access to China's market)
3. Political tensions with China's rising over Beijing's
efforts to undermine democracy in Hong Kong.
Who are the 4 "Asian Tigers"? - Answer-1. Hong Kong
2. South Korea
3. Singapore
4. Taiwan
Japan was a key player in the economic development of
these countries.
,3|Page
Characteristics of the "Asian Tigers"? - Answer-- fastest
growing economies in region since '80s and '90s
- often described as the 'East Asian Miracle'
- First countries to move from developing to industrialized
status
- Major influence in trade and economies of world
(expanding activity to other parts of Asia in particular)
Association of Southeast Asian Nations (ASEAN) - 3 -
Answer-1. the primary multinational trade group in Asia
2. had problems unifying economies of member nations.
- - all members once had similar products and resources
to export
- - intra-ASEN trade hampered; no demand for common
products
- - most early growth cam e from trade outside of ASEAN
3. members now have the fastest growing economies in
region.
What are the four causes of vigorous economic growth for
ASEAN members? - Answer-1. governments commitment
to deregulation, liberalization, and privatization of their
economies
, 4|Page
2. decision to shift economies from commodity based to
manufacturing based.
3. decision to specialize in manufacturing components in
which they have a comparative advantage.
4. Japan's emergence as a major provider of technology
and capital.
What is ASEANs vision for 2025? - Answer-commitment to
implementing AFTA (ASEAN Free Trade Area)
ASEAN +3 (2 with subpoints) - Answer-1. created after the
Asian financial crisis of 1997-1998
- - easy Asia felt let down with the west did not help
- - wanted to be more self sufficient
2. ASEAN members plus China, Japan, and South Korea
- - foreign and finance ministers from each country
- - meet after annual ASEAN meeting
- - goal to protect Asian currency from future attack
-- talks of creating common market across all of Asia
APEC (Asia Pacific Economic Cooperation) - 3 - Answer-
1. formed in 1989
