AGB 302 FINAL EXAM QUESTIONS WITH
COMPLETE SOLUTIONS ALREADY PASSED!!
which of the following is a step in the shift towards a market based economic
system?
creation of a legal system to safeguard property rights
design and names by which merchants or manufacturers designate and
differentiate their products are known as __________
trademarks
________, a nobel prize-winning economist, has argued that development is not
just an economic process, but it is a political one as well.
amartya sen
in several western democracies, the poor performance of state-owned
enterprises, because of protection from competition and guaranteed government
financial support, led to ________.
privatization
one of the reasons for the spread of democracy is the emergence of
_____________ who have pushed for democratic reforms.
increasingly prosperous middle and working classes
which of the following areas of international trade is regulated by the Foreign
Corrupt Practice Act?
preventing bribery and unethical acts in the conduct of international business
the tenet of ___________ is that the welfare of society is best served by letting
people pursue their own economic self-interest.
individualism
the state can expropriate the profits from innovation through legal means, such
as ____________.
excessive taxation
a free market economy in which property rights are protected leads to
subsequent economic growth, which often leads to the establishment of:
a democratic regime
under the ___________, cases are judged with reference to three characteristics:
tradition, precedent, and custom.
common law system
anecdotal comparisons suggest that the assertion that nations that invest more
in _________ will have higher growth rates is true.
education
which of the following helps in adjusting GNI such that it accounts for the
differences in the cost of living?
purchasing power party (PPP) adjustment
in a ___________ economy, certain sectors of the economy are left to private
ownership and free market mechanisms while other sectors have significant state
ownership and government planning.
mixed
a market economy encourages innovation because:
, economic freedom leads to greater incentives for innovation
several of the fastest-growing asian economies adopted more ___________
governments during the past three decades, including South Korea and Taiwan.
democratic
which of the following statements about the legal systems of countries is true?
they can affect the attractiveness of a country as an investment site or market.
modern socialism has been popularized largely through the work of
____________.
karl marx
which of the following is a measure that is developed by the United Nations to
measure the quality of life in different nations?
human development index
in a pure market economy:
production is determined by the interaction of supply and demand.
interdependent political, economic, and legal systems of a country make up its:
political economy
child labor is permitted and widely employed in country x. which of the following
approaches to business ethics would justify the actions of the multinational
company?
cultural relativism
the __________ approaches to ethics hold that the moral worth of actions or
practices is determined by their consequences.
utilitarian
which of the following refers to the values and norms that the employees of an
organization share?
organization culture
which of the following statements about values and norms of a culture is true?
the values and norms of a society influence social structure
according to Islam, those who hold property are regarded as _____________.
trustees
which of the following is a closed system of stratification in which social position
is determined by the family into which a person is born, and change in that
position is usually not possible during an individual's lifetime?
caste system
the __________ occurs when a resource is shared by all, but owned by no one, is
overused by individuals, resulting in its degradation.
tragedy of the commons
companies can strengthen the __________ of employees by committing
themselves to not retaliate against employees who complain about unethical
actions.
moral courage
a Japanese executive's ritual of presenting a business card to a foreign business
executive is an example of ___________.
folkways
ethical systems are:
a set of moral principles, or values, that are used to guide and shape behavior
COMPLETE SOLUTIONS ALREADY PASSED!!
which of the following is a step in the shift towards a market based economic
system?
creation of a legal system to safeguard property rights
design and names by which merchants or manufacturers designate and
differentiate their products are known as __________
trademarks
________, a nobel prize-winning economist, has argued that development is not
just an economic process, but it is a political one as well.
amartya sen
in several western democracies, the poor performance of state-owned
enterprises, because of protection from competition and guaranteed government
financial support, led to ________.
privatization
one of the reasons for the spread of democracy is the emergence of
_____________ who have pushed for democratic reforms.
increasingly prosperous middle and working classes
which of the following areas of international trade is regulated by the Foreign
Corrupt Practice Act?
preventing bribery and unethical acts in the conduct of international business
the tenet of ___________ is that the welfare of society is best served by letting
people pursue their own economic self-interest.
individualism
the state can expropriate the profits from innovation through legal means, such
as ____________.
excessive taxation
a free market economy in which property rights are protected leads to
subsequent economic growth, which often leads to the establishment of:
a democratic regime
under the ___________, cases are judged with reference to three characteristics:
tradition, precedent, and custom.
common law system
anecdotal comparisons suggest that the assertion that nations that invest more
in _________ will have higher growth rates is true.
education
which of the following helps in adjusting GNI such that it accounts for the
differences in the cost of living?
purchasing power party (PPP) adjustment
in a ___________ economy, certain sectors of the economy are left to private
ownership and free market mechanisms while other sectors have significant state
ownership and government planning.
mixed
a market economy encourages innovation because:
, economic freedom leads to greater incentives for innovation
several of the fastest-growing asian economies adopted more ___________
governments during the past three decades, including South Korea and Taiwan.
democratic
which of the following statements about the legal systems of countries is true?
they can affect the attractiveness of a country as an investment site or market.
modern socialism has been popularized largely through the work of
____________.
karl marx
which of the following is a measure that is developed by the United Nations to
measure the quality of life in different nations?
human development index
in a pure market economy:
production is determined by the interaction of supply and demand.
interdependent political, economic, and legal systems of a country make up its:
political economy
child labor is permitted and widely employed in country x. which of the following
approaches to business ethics would justify the actions of the multinational
company?
cultural relativism
the __________ approaches to ethics hold that the moral worth of actions or
practices is determined by their consequences.
utilitarian
which of the following refers to the values and norms that the employees of an
organization share?
organization culture
which of the following statements about values and norms of a culture is true?
the values and norms of a society influence social structure
according to Islam, those who hold property are regarded as _____________.
trustees
which of the following is a closed system of stratification in which social position
is determined by the family into which a person is born, and change in that
position is usually not possible during an individual's lifetime?
caste system
the __________ occurs when a resource is shared by all, but owned by no one, is
overused by individuals, resulting in its degradation.
tragedy of the commons
companies can strengthen the __________ of employees by committing
themselves to not retaliate against employees who complain about unethical
actions.
moral courage
a Japanese executive's ritual of presenting a business card to a foreign business
executive is an example of ___________.
folkways
ethical systems are:
a set of moral principles, or values, that are used to guide and shape behavior
