Key reform measures to promote economic development

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Reference no: EM132232796

1. Personal? relationships, or guanxi?, in? China, are very important to successfully do business in China. Which one of the following characteristics of doing business with China is? TRUE?

A. Business before pleasure

B. Family members make the best business partners

C. Cultural sensitivity

D. Obtain a legal contract first

E. Importance of? contracts, not contacts

2. Nationalization is more common than confiscation and expropriation. Likely candidates for nationalization include industries important to a? nation's security and those that generate large revenues. In? general, a government may nationalize an industry for which one of the following? reasons?

A. To stabilize its currency against a stronger foreign currency

B. To disinvest in obsolete? technologies, products, or services

C. To attract foreign direct investment

D. To block direct investment by foreign entities

E. To invest in? sectors, such as public? utilities, that private companies cannot afford

3. The economic transition process involves which one of the following key reform measures to promote economic development.

A. increasing barriers to trade and investment and establishing fixed currency exchange rates

B. expanding state ownership of economic resources

C. allowing prices to reflect central planning

D. stabilizing the? economy, reducing budget? deficits, and expanding credit availability

E. supporting? state-owned companies

4. Which one of the following factors is included in the assessment of political risk? levels?

A. frequency of national elections

B. a multinational company management team

C. copyright and patent protection laws

D. inflation rates of the local currency

E. military and religious involvement in politics

5. Which one of the following is the largest contributor to unemployment in? China?

A. Migrant workers

B. Relationship with Taiwan

C. Poor relation with ethnic minority

D. Factory worker strikes

E. China's regaining control of Hong Kong

6. Which one of the following is a result of? Russia's annexation of the? Ukraine's peninsula of? Crimea?

A. Corrupt law enforcement

B. Tense uneasiness between? Russia's government and its business community

C. Political instability

D. Safeguard property rights

E. Political reforms

Reference no: EM132232796

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