Professional Documents
Culture Documents
a. Service markets
b. Industrial markets
c. Consumer markets
d. Technology markets
a. One country
b. One region
c. Different countries
d. None of the above
6. The legal & institutional framework to oversee international business:-
a. WTO
b. IMF
c. GATT
d. UN
7. The main purpose for creating United Nation is:-
a. 8-15%
b. 14-20%
c. 10-15%
d. 4-6%
9. Average tariff of developed countries during 2000's was:-
a. 3.9%
b. 4%
c. <3%
d. 5%
a. Agree totally
b. Totally disagree
c. Very small shift
d. Agree to some extent
13. The future economy hub will be Asian countries.
a. Agree to great extent
b. Somewhat agree
c. Disagree
d. Agree completely
14. The low labour carries the major reason, why Asian economies are getting investment by MNCs.
a. Disagree
b. Labour cost is very high
c. Agree
d. Possibly the only reason
15. The FDI inflows were mostly to:-
a. Developed countries
b. Developing countries
c. Major producing countries
d. None of the above
16. Higher nos. of MNCs originated from:-
a. USA
b. Germany
c. Japan
d. UK
17. The FDI of one country became dominant after 1980s:-
a. USA
b. Germany
c. Japan
d. UK
18. The country known for solid engineering:-
a. Sweden
b. Finland
c. Germany
d. Japan
19. The major technology innovators in the world:-
a. USA
b. UK
c. Germany
d. Japan
20. Globalisation is driving the world towards greater prosperity and growth.
a. Completely disagree
b. Agree to some extent
c. Neither agree nor disagree
d. Completely agree
21. Increased international trade & investment will result in lower prices for consumers.
a. Completely agree
b. Agree to some extent
c. Disagree
d. Liberalization will stimulate economic growth
23. Globalization is blamed for job losses in developed countries.
a. Completely agree
b. Disagree
c. Agreed to some extent
d. Liberalization is blame for job losses and not globalization
24. Inspite of economic prosperity of globalisation, we see lot of protests due to:-
25. Many people believe that W.T.O is the main promoter of globalisation.
a. Do not agree
b. Agreed to some extent
c. Completely agree
d. Free trade and not W.T.O
26. A lot of agreement is being made about globalisation which is nothing but the American cultural
imperialism on other countries.
a. Capitalism
b. Shift towards market economy
c. Mixed economy
d. None of the above
28. Indias Major Competitive advantages are:-
a. Collectivism
b. Capitalism
c. Socialism
d. Individualism
34. Intellectual property rights are:-
a. GNP / PPP
b. G N P
c. G D P
d. H D I
36. Economic progress is an effect of:-
a. Innovation
b. Entrepreneurship
c. Right political system
d. All of the above
37. The nature of economic transformation is:-
a. Delicensing
b. Removal of barriers
c. Opening of market for FDI
d. Deregulation, privatization & laws to support market economy
38. Theocratic totalitarianism can be found dominantly in:-
39. A document issued to the exporter that the bank will pay a certain sum to him on presentation of the
same, is called:-
a. Bill of Lading
b. Draft
c. Exporting License
d. Letter of Credit
40. When parent country nationals are holding all key positions in a company, it signals _____ approach
of staffing.
(i) Ethnocentric
(ii) Geocentric
(iii) Polycentric
(iv) Regio-centric
How have changes in technology contributed to the globalization of markets and production? Would
the globalization of production and markets have been possible without these technological
changes?
2.
Outline why the culture of a country might influence the costs of doing business in that country.
Illustrate your answer with examples.
3.
Do you think that business practices in an Islamic country are likely to differ from business practises
in the United States, and if so, how?
4.
What are the implications for International Business of differences in the dominant religion and/or
ethical system of a country?
5.
It is unreasonable to expect Western businesses active in developing nations to adhere to the same
ethical standards they use at home. Discuss.
6.
Mercantilism is a bankrupt theory that has no place in the modern world. Discuss.
7.
Drawing on the Theory of Comparative Advantage to support your arguments, outline the case for
free trade.
8.
In 1972, gold standard was abandoned for monetary purpose. Now what are the standards used by
Central bank to monitor currency value?
9.
Compare & contrast the entry strategies of exporting, licensing & franchising.
10. What are the major differences between International Business & Domestic Business?