International Bussines Exam Questions With all Correct Answers
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International Bussines
Institution
International Bussines
International Bussines Exam Questions With all Correct Answers
.A fundamental question defines a field and orients the attention of students, practitioners, and scholars in a certain direction. - Answer-What determines the success and failure of firms around the globe?
.Argument against gl...
International Bussines Exam Questions With all
Correct Answers
.A fundamental question defines a field and orients the attention of students, practitioners, and scholars in a
certain direction. - Answer-What determines the success and failure of firms around the globe?
.Argument against globalization - Answer-1-manufacturing decline, job loss, and income inequality in high-
income countries;
2-environmental stress and sweatshop labor in low-income countries; and
3-global warming and climate crisis on a worldwide basis.
.Authoritarianism - Answer-A political system in which a small group of individuals exercises power over the
state without being constitutionally responsible to the public.
.Base of the Pyramid (BoP) - Answer-Economies where people make less than $2,000 per capita per year.
.Black Swan Events - Answer-Unexpected, high-magnitude events that are beyond what modern society can
usually predict
.bounded rationality - Answer-Cognitive limitations that constrain one's ability to interpret, process, and act on
information.
.BRICS - Answer-Brazil, Russia, India, China, South Africa
.Civil Law - Answer-A law that governs relationships between individuals and defines their legal rights.
, .civilization - Answer-the highest cultural grouping of people and the broadest level of cultural identity people
have
African,
Confucian (Sinic or Chinese),
Hindu,
Islamic,
Japanese,
Latin American,
Slavic-Orthodox, and
Western.
.cluster - Answer-countries that share similar cultures
Anglo,
Arab,
Eastern Europe,
Far East,
Germanic,
Latin America,
Latin Europe,
Near East,
Nordic, and
Sub-Saharan Africa.
.Collectivism - Answer-giving priority to the goals of one's group (often one's extended family or work group)
and defining one's identity accordingly
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