2019 Liberty University BUSI 303 exam 1 complete solutions correct answers key 2019 Liberty University BUSI 303 exam 1 complete solutions correct answers key 2019 Liberty University BUSI 303 exam 1 co

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2019 Liberty University BUSI 303 exam 1 complete solutions correct answers key

2019 Liberty University BUSI 303 exam 1 complete solutions correct answers key

2019 Liberty University BUSI 303 exam 1 complete solutions correct answers key

2019 Liberty University BUSI 303 exam 1 complete solutions correct answers key

2019 Liberty University BUSI 303 exam 1 complete solutions correct answers key

2019 Liberty University BUSI 303 exam 1 complete solutions correct answers key

2019 Liberty University BUSI 303 exam 1 complete solutions correct answers key 2019 Liberty University BUSI 303 exam 1 complete solutions correct answers key 2019 Liberty University BUSI 303 exam 1 co
Course 201740 Fall 2017 BUSI 303-D10 LUO Question 1 0 out of 2.5 points Bribery helps to fuel poverty, especially when high-level public officials steal from their nations or mismanage public resources intended to finance their people’s aspirations for a better life. Selected Answer: True Question 2 2.5 out of 2.5 points Oral agreements imply strong commitments in high-context cultures. Selected Answer: True Question 3 2.5 out of 2.5 points John Locke first proposed the theory of absolute advantage in 1776. Selected Answer: False Question 4 2.5 out of 2.5 points Muslims are legally required to give one-fortieth of their income to the needy. Selected Answer: True Question 5 2.5 out of 2.5 points Muhammad’s disciples (i.s. Islamists) believe that sometime during the seventh century AD, the Angel Gabriel dictated the contents to Muhammad which is viewed as infallible and without error. Selected Answer: True Question 6 2.5 out of 2.5 points As reported by the U.S. government CIA World Factbook in 2014, the GDP purchasing power parity for the United States in 2012 ranked first among other nations. Selected Answer: True Question 7 2.5 out of 2.5 points One positive aspect of collectivism is that the differences among individuals are emphasized. Selected Answer: False Question 8 0 out of 2.5 points Paul Krugman’s New Trade Theory Model demonstrated that in certain industries, government protections of an industry prove advantageous. Selected Answer: False Question 9 2.5 out of 2.5 points Horizontal integration occurs when a firm expands its business into different products that are not similar to current lines. Selected Answer: False Question 10 2.5 out of 2.5 points Hofstede’s fifth dimension of national culture, Long-term Orientation, was derived from a values inventory suggested by Asian researchers and is reminiscent of the teachings of Confucius. Selected Answer: True Question 11 0 out of 2.5 points Gross Domestic Product (GDP) is the total market value of all the goods and services produced by a nation during a specified period. Selected Answer: True Question 12 2.5 out of 2.5 points Supporters of protectionism say that by increasing the cost of imported goods through tariffs, the government instituting the barrier penalizes the sending country as well as the citizens it is trying to protect. Selected Answer: False Question 13 2.5 out of 2.5 points An economic policy whereby governments accumulate wealth in the form of gold bullion is referred to as mercantilism. Selected Answer: True Question 14 2.5 out of 2.5 points According to the new trade theory, certain industries should not be modeled using the perfect competition assumption. Selected Answer: True Question 15 0 out of 2.5 points Communications technologies provide us with the ability to encode our thoughts and purposes clearly. Selected Answer: True Question 16 2.5 out of 2.5 points The conclusion of World War II marked the beginning of the time period known as American Peace or Pax Americana. Selected Answer: True Question 17 2.5 out of 2.5 points The WTO is not exclusively about lowering or reducing trade barriers but in some circumstances it supports maintaining trade barriers. Selected Answer: True Question 18 2.5 out of 2.5 points Proper business etiquette is of little concern to the business manager starting a new job in foreign place. Selected Answer: False Question 19 2.5 out of 2.5 points If foreign ownership decreases faster than domestic ownership, then the country is said to have capital account surplus. Selected Answer: False Question 20 2.5 out of 2.5 points Globalization is a relatively new paradigm. Selected Answer: False Question 21 2.5 out of 2.5 points Four distinct areas relate to verbal communication are jargon and slang, dialects, humor, and vocabulary and grammar. Selected Answer: False Question 22 2.5 out of 2.5 points “Targeted Globalization” explains the phenomenon that the globalization of a product or service is more likely to succeed when that product or service is adapted specifically to each locality or culture to which it is marketed. Selected Answer: False Question 23 2.5 out of 2.5 points Fons Trompenaar believed that cultures generally proved to be indistinguishable from one to the other. Selected Answer: False Question 24 2.5 out of 2.5 points Words have the same meaning across all languages. Selected Answer: False Question 25 2.5 out of 2.5 points The impact of barriers to foreign investment led countries to form an independent organization known as the World Trade Organization (WTO). Selected Answer: False Question 26 2.5 out of 2.5 points Developing nations typically have a Human Development Index (HDI) of less than 0.3 according to the Human Development Reports office. Selected Answer: False Question 27 2.5 out of 2.5 points A multinational corporation is one that delivers services in at least two countries. Selected Answer: True Question 28 0 out of 2.5 points The WTO has endorsed attempts by various organizations to develop legal standards with a special emphasis on corporate and financial institution laws. Selected Answer: True Question 29 2.5 out of 2.5 points NAFTA is a major contributor to continental trade growth between Canada and Mexico by reducing trade tariffs and restrictions imposed by foreign entities. Selected Answer: False Question 30 2.5 out of 2.5 points In the “Great Revelation,” Confucius revealed the step by step process by which one attains self-development. Selected Answer: False Question 31 2.5 out of 2.5 points The Industrial Revolution was characterized by a marked surge in manufacturing techniques that included mass assembly, electricity, and new forms of propulsion. Selected Answer: True Question 32 2.5 out of 2.5 points Subsidies are special privileges that governments provide to businesses in order to attract them to a region or to simply have the required funds to operate successfully. Selected Answer: True Question 33 2.5 out of 2.5 points Embargoes are economic and trade sanctions against target foreign countries, groups, organizations, and individuals. Selected Answer: True Question 34 2.5 out of 2.5 points According to Trompenaar’s model of culture, people in Universalistic cultures share the belief that general rules, codes, values and standards take precedence over particular needs and claims of friends and relations. Selected Answer: True Question 35 2.5 out of 2.5 points Ownership risk is defined by the Bank for International Settlement (BIS) as, “the risk of loss resulting from inadequate or failed internal process, people and systems or from external events”. Selected Answer: False Question 36 2.5 out of 2.5 points Labor and production costs are typically lower in less developed nations which creates a continuous pull for international corporations. Selected Answer: True Question 37 0 out of 2.5 points Low context communication is effective in most of the USA. Selected Answer: False Question 38 2.5 out of 2.5 points An ethnocentric multinational corporation (MNC) very carefully considers the cultures of the countries that it operates in when making business decisions. Selected Answer: False Question 39 2.5 out of 2.5 points Education and experience are both necessary components in handling the complex tasks of managing a global business. Selected Answer: True Question 40 2.5 out of 2.5 points Administrative delays impose waiting periods between the time when the quality of the product is determined and when a product can actually be sold in the market. Selected Answer: True Monday, November 27, 2017 6:18:37 PM EST

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