IB 303 Exam 1 (Professor Ghinos) with complete solutions 2024_2025
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Course
IB 303
Institution
IB 303
China's Political Environment
*-Chinese Communist Party
-Arbitrary*
Political environments impacted by ________
-Nation-States
-Corporations
-International Gov. Organizations
-Internations Non-gov Organizations
-Individuals
Countries that practice Individualism
Australia, Belg...
IB 303 Exam 1 (Professor Ghinos) with
complete solutions 2024/2025
China's Political Environment - ANSWER- *-Chinese Communist Party
-Arbitrary*
Political environments impacted by ________ - ANSWER- -Nation-States
-Corporations
-International Gov. Organizations
-Internations Non-gov Organizations
-Individuals
Countries that practice Individualism - ANSWER- *Australia, Belgium, Canada,
Italy, Netherlands, United States*
Individualism - ANSWER- -Individual liberties are protected
-Minimal interference in Business (Laissez-faire)
Countries that practice Collectivism - ANSWER- *Argentina, Mexico, Brazil, China,
Vietnam, Japan, South Korea, Taiwan
EXTREMES: Venezuela, Iran, Saudia Arabia*
Collectivism - ANSWER- -good of society over individual freedoms
-gov. involved in economy & business
-socialism
-communism
-social democrats
Political Ideologies - ANSWER- system of ideas about how society should work
Democracy - ANSWER- -rule of law
-freedom
-participation
, -representation
-parliamentary
-social
Totalitarianism - ANSWER- -rule of man
-no constitutional guarantees
-political repression
-censorship
-secular, theocratic
Is democracy in trouble - ANSWER- based on recent research, yes
How do Authoritarian leaders rise? - ANSWER- -economic development
-double standards
-economic problems
-inconsistencies
Democracy Business implications - ANSWER- -support individualistic attitudes
-permits MNE's to make decision based on economic standards
-environment that promotes markets and economic growth
Totalitarianism Business implications - ANSWER- -gov. control & involvement
-inconsistent interpretation of rules & regulations
-IP concerns
-corruption
-favoritism
-intolerance for dissent
-financial constraints
How does political unstably impact business? - ANSWER- -social unrest
(strikes/riots)
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