MCQs

A business whether national or international contains the following activities or functions:

The 3 basic forms of businesses are:

State-owned enterprises or nationalised enterprises differ from privately-funded companies because:

Organisational structures can be divided into the following three broad categories

Empowerment is expected to increase efficiency, what makes it effective:

Current Corporate Governance issues can centre around the point of view of the shareholder and will centre on a set group of issues:

The acronym PEST is used to represent:

The acronym SWOT is used to analyse the company's

The function of Operations within the company is responsible for:

An intangible product is produced by :

Operations is defined as:

The five performance objectives of Operations are:

The marketing concept is:

Providing separate goods and services for distinct groups of consumers is known as:

Identify the correct statement(s);

The 4P's of the marketing mix are:

The marketing mix when applied to International Markets must:

Employees are rewarded by:

The key elements of HRM are:

The elements of management accounting are:

Financial reporting is done by:

Innovation is involved with more than just new product development. These include:

The downloading of music over the internet is an excellent example of:

Governments can influence spending by companies and individuals by:

GNI and GNP stand for:

Purchasing power parity (PPP) is used in addition to GNI and GNP as it more accurately reflects:

The sectors of the national economy are:

Two of the most commonly advanced reasons for inflation are:

Unemployment is defined as:

The Balance of Payments Current Account is made up of

The short term fluctuations of the business cycle are divided into four phases that are:

Capitalism comprises three key elements:

The relationship between supply and demand determines:

Income elasticity is calculated by:

Price elasticity is calculated by:

IP is the acronym for Intellectual Property which is defined as :

An oligopoly is defined as:

The law in the UK and EU can constrain mergers and acquisitions of companies where competition may be seen to be threatened and reduced. They can act on what is perceived to be an infringement as shown below:

The process of privatisation is where:

The social market model of capitalism has:

The Asian model of capitalism relies heavily on:

The acronym FDI is short for:

The acronym TNC stands for:

The power of FDI has changed over the closing years of the last century leaving:

The best theoretical attempt to explain FDI is the OLI paradigm which means:

Three ways of internationalising production are available to a TNC :

Involvement with a joint venture is popular with foreign investors because:

The emergence of the Japanese and newly industrialised countries caused:

The concept of kaizen is:

The innovation of e-commerce has allowed:

How did the Hoover Corporation show the ability of the TNC to alter their production strategies:

Globalisation has brought:

Culture as a barrier to trade can be illustrated by:

The are three broad approaches to integrate ethnic minorities:

The global media companies have found they must:

The research of Hofstede and Trompenaars suggests that:

Characteristics of organizational culture include:

It is noticeable that although national and organisational culture can evolve over time but:

Identify the elements that are part of a primary group:

Stratification of societies have three dimensions:

A demographic crisis is being caused in industrialised countries due to:

What shape best describes the class structures in many developed countries:

The "push" factors of migration is made up of:

In the post war economic development France and Germany:

Urbanisation is generally associated with:

To endeavour to reduce strikes most countries legislate to:

Men enjoy greater status than women in most societies but in the developed world:

Patterns of families are changing in the developed economies because:

Contesting power in society arises from groups or individuals who are motivated by:

The sphere in which citizens pursue their own goals coupled to businesses, trade unions, religious groups and sub-national associations form:

The exercise of power and authority for the group as a whole refers to:

The nation-state defining principles:

None of the 34 modern African states corresponds to pre-colonial borders which has lead to:

Internal sovereignty of a state is illustrated by:

Businesses face political risk wherever they operate but it is generally highest where there is:

Ideology as a source of legitimacy in the state is based upon:

Federalism is often seen as advantageous when:

The G8 is made up of:

The United Nations Security Council has 5 permanent members with the right of veto. They are the:

The European Union consists of how many members at the time of publication of this book:

The European Parliament comprises of members from each state in proportion to the country's population. At the time of this book's publication what is the total membership of the parliament:

The European Commission has appointees from each member state. The Commission comprises:

The legal environment is divided into 3 interacting spheres they are:

Law may be broadly classified into 2 categories which are:

The 'burden of proof' is:

When parties for reasons of either expense or time decide to settle out of court the process is known as;

The western world's legal systems can be classified in terms of:

Sharia law prohibits 'unearned profits' so the charging of interest is forbidden Western Banks have overcome this by:

European Union Law-making is divided into two types:

Levels of corruption are higher in certain countries than others. This means investors in those economies are:

David Ricardo (1817) developed the theory of:

Porter added two additional variables to his theory. They were:

Vernon's theory of the international product life cycle shows:

Developing countries have adopted protection policies arguing that:

The traditional tools for controlling trade/protecting markets are:

The acronym MFN stands for:

In the DOHA round of discussion NGOs have caused problems through emphasising:

The growth of Economic Intergration or regionalisation can be seen as:

100

NAFTA stands for:

101

The threat to the WTO could be:

102

Innovation is not the same as invention. It means in the broadest sense:

103

Schumpeter used Kondratieff's waves in his research, how many are there?

104

Due to the rate of innovation it is critical that:

105

Amongst OECD countries the resources devoted to R&D whether measured by expenditure or as a percentage of GDP vary considerably. Amongst the eight countries Australia, Finland, Germany, Finland, Spain, Sweden, the UK and USA:

106

Where a country specialises in an area of specialisation which has growing global importance:

107

Patents can measure the strength of innovation within an economy. On the basis of the applications to the European Patent Office:

108

To obtain a patent you must show that the product or process is:

109

The 60 years since the 2nd World War has seen the emergence of 4 main channels of technology transfer by:

110

Some Asian economies have been able to break away from sectors depending on low wage production, developing into car and consumer durables and onto the innovative high level of specialised equipment. Examples are:

111

British, Danish and German consumers were more likely to buy products and services over the internet exceeding what percentage of the population in the 2003 survey:

112

The development of biotechnology and GM crops has lead to ethical concerns versus general acceptance:

113

It has been suggested when looking globally innovation is causing:

114

Cross border capital flows have become more extensive because of:

115

When a company is listed on the stock exchange it is said to have been:

116

What does the financial acronym LSE stand for:

117

Stock exchanges are controlled by national regulation to ensure:

118

Eurobonds are created to assist debt financing and are designated in:

119

Most stock markets have gone through a period known as the " Big Bang" which was:

120

The stages in the determination of exchange rates were:

121

The acronym IMF stands for:

122

The World Bank was created to oversee:

123

The Asian Crisis centred on the economies of:

124

A hostile take over is when:

125

Control is often wanted for cross border takeovers and mergers, but a more liberal attitude has developed. In Hungary in 1996 what was the percentage of foreign investment in manufacturing?

126

Environmental issues are the responsibility of:

127

"Environmental degradation" refers specifically to environmental change caused by:

128

Whose rejection of the Kyoto Protocol brought doubt into its feasibility?

129

"Transboundary pollution" refers to pollution coming

130

The ability to apportion responsibility and gain compensation is complicated by the fact that:

131

At the UNCED at the Rio Summit in 1992 adopted the concept of "sustainable development". What does the acronym UNCED stand for:

132

The concept of sustainable development refers to:

133

Green consumerism is about focusing on:

134

The challenge of sustained economic growth is due to:

135

Companies when using either PEST or SWOT are trying to:

136

Globalisation and expansion of TNC's has:

137

The transfer of industries and production to emergent economies has resulted in:

138

Foreign investors have succeeded best when they have:

139

Since 1980 the "gap" between the advanced countries and the developing countries has:

140

The biggest increase in those living on less than a $1 dollar a day between 1990 and 2000 was in:

141

The area that has made the most progress in fighting under nourishment through economic growth has been:

142

Even at discounts of 90% offered by pharmaceutical TNCs the cost of the HIV drugs still represented in the worst affected countries:

143

Bridging the 'gap' between rich and poor countries requires rich countries to:

144

Bridging the 'gap' between rich and poor countries requires poor countries to;

145

Social responsibility is reflected by the TNCs by:

146

Carroll's pyramid of corporate responsibility has four progressive parts that build on each other. They are in order:

147

The new information age and the globalised internet has proved that:

148

APEC and ASEAN are titles for the following organisations:

149

ECHR, ECJ, ECB, EPO and EU stand for:

150

ILO, ISO, LDC's, NIEs and NGO stand for

151

IP, TRIPs, WIPO stand for:

152

UNICITRAL, UNCTAD, AND UNEP stand for:

153

OPEC, WTO, GATT, and OECD represent:

The International Business Environment 2e

Table of Contents

MCQs