Reference no: EM13322046

1. Favorable politics has been a major force in facilitating international trade in services. (Points: 1)

True

False

2. In the 1970's, European and Japanese firms began to shift labor-intensive manufacturing operations from their home markets to developing nations where labor costs were lower. (Points: 1)

True

False

3. The stock of foreign direct investment refers to the total cumulative value of foreign investments in a country. (Points: 1)

True

False

4. In the 1960s global business activity was dominated by large Japanese multinational corporations. (Points: 1)

True

False

5. In a command economy, state-owned enterprises have little incentive to control costs and be efficient. (Points: 1)

True

False

6. The common law system evolved in Spain over hundreds of years. (Points: 1)

True

False

7. Contract law, civil law, and theocratic law are the three main types of legal systems in use around the world. (Points: 1)

True

False

8. A civil law system tends to be more adversarial than a common law system. (Points: 1)

True

False

9. Property rights refer to the bundle of legal rights regarding the use of resources and how any income that may be derived from that resource is used. (Points: 1)

True

False

10. The class system in Britain perpetuated itself from generation to generation, and the mobility was limited (Points: 1)

True

False

11. In the U.S., an individual can move smoothly from the working class to the upper class in a lifetime by his or her own economic achievement. (Points: 1)

True

False

12. Turkey’s high Uncertainty Avoidance score on Hofstede’s Values table indicates that managers in this country are expected to issue clear instructions. (Points: 1)

True

False

13. The relationship between religion, ethics, and society is straightforward and relatively easy to discern. (Points: 1)

True

False

14. Some sociologists have argued that of the two main branches of Christianity – Catholicism and Protestantism - the former has the most important economic implications. (Points: 1)

True

False

15. The concept of social responsibility refers to the idea that businesspeople should consider the social consequences of economic actions when making business decisions. (Points: 1)

True

False

16. Some multinational organizations have acknowledged a moral obligation to utilize their power to enhance social welfare in the communities where they do business. (Points: 1)

True

False

17. Tragedy of the Commons refers to a common legal implication in denigration of rights cases. (Points: 1)

True

False

18. Business ethics is not divorced from the personal ethics of the individuals conducting business. (Points: 1)

True

False

19. Home country managers working abroad in multinational firms have less than the usual degree of pressure to violate their personal ethics. (Points: 1)

True

False