INTB 200 EXAM 1 2026 LATEST
UPDATE QUESTIONS AND CORRECT
VERIFIED ANSWERS ALREADY
GRADED A+
Political Risk - ANS-Risk that political changes harm business
operations
Economic Risk - ANS-Risk from economic instability affecting
business
GDP per Capita - ANS-GDP divided by population used as a rough
measure of development
Standard of Living - ANS-Level of wealth comfort and material goods
available to people
Innovation - ANS-Development of new products or processes
States in Transition - ANS-Countries moving from centrally planned
to market economies
Culture - ANS-System of shared values and norms in a society
Values - ANS-Ideas about what is good right and desirable
Norms - ANS-Social rules for appropriate behavior
, Folkways - ANS-Routine conventions of everyday behavior
Mores - ANS-Norms central to a society's functioning
Class System - ANS-Social system with high mobility
Caste System - ANS-Social system with little or no mobility
Cross Cultural Literacy - ANS-Understanding how cultural differences
affect business
Hofstede Framework - ANS-Tool for analyzing national cultural differences
GLOBE Study - ANS-Research on culture and leadership across countries
World Values Survey - ANS-Global survey measuring cultural values
Mercantilism - ANS-Trade theory viewing trade as zero sum favoring
exports
Absolute Advantage - ANS-When a country produces a good more
efficiently
Comparative Advantage - ANS-When a country produces a good at lower
opportunity cost
Heckscher Ohlin Theory - ANS-Countries export goods using abundant
factors
International Product Life Cycle Theory - ANS-Trade patterns change as
products mature
UPDATE QUESTIONS AND CORRECT
VERIFIED ANSWERS ALREADY
GRADED A+
Political Risk - ANS-Risk that political changes harm business
operations
Economic Risk - ANS-Risk from economic instability affecting
business
GDP per Capita - ANS-GDP divided by population used as a rough
measure of development
Standard of Living - ANS-Level of wealth comfort and material goods
available to people
Innovation - ANS-Development of new products or processes
States in Transition - ANS-Countries moving from centrally planned
to market economies
Culture - ANS-System of shared values and norms in a society
Values - ANS-Ideas about what is good right and desirable
Norms - ANS-Social rules for appropriate behavior
, Folkways - ANS-Routine conventions of everyday behavior
Mores - ANS-Norms central to a society's functioning
Class System - ANS-Social system with high mobility
Caste System - ANS-Social system with little or no mobility
Cross Cultural Literacy - ANS-Understanding how cultural differences
affect business
Hofstede Framework - ANS-Tool for analyzing national cultural differences
GLOBE Study - ANS-Research on culture and leadership across countries
World Values Survey - ANS-Global survey measuring cultural values
Mercantilism - ANS-Trade theory viewing trade as zero sum favoring
exports
Absolute Advantage - ANS-When a country produces a good more
efficiently
Comparative Advantage - ANS-When a country produces a good at lower
opportunity cost
Heckscher Ohlin Theory - ANS-Countries export goods using abundant
factors
International Product Life Cycle Theory - ANS-Trade patterns change as
products mature
