QUESTION 31Patents, copyrights, and trademarks establish ownership rights over what type of property?IntellectualRealTangibleNon-performingStolen QUESTION 32Which of the following statements is true about most Western societies?In Western societies social groups, rather than individuals, are the basic building blocks of social organization.The value systems of many Western societies emphasize individual achievement.In Western societies, the social standing of individuals is merely a function of who they work for.The emphasis on individuals in Western societies has led to a low level of entrepreneurial activity.It is easier to build and manage teams within organizations in Western societies. QUESTION 33Which of the following helps a firm to preempt available demand, gain cost advantages related to volume, and build an enduring brand ahead of later competitors?Monopolistic practicesComparative advantagesAbsolute advantagesFirst-mover advantagesMercantilism QUESTION 34Which products are not so sensitive cultural distanceCerealsTobacco productsMetalworking machineryMeat and meat preparations QUESTION 35In today’s world more than 90% of all phone calls, Web traffic and investment isInternationalRegionalLocalConcentrated in emerging markets QUESTION 36In “Making it in America,†output from American factories in the last decade has:fallen dramaticallyincreased dramaticallyremained the samefallen slightly QUESTION 37Silver Tape Corporation has developed a new type of adhesive tape. Which of the following types of legal protections can grant the company exclusive rights for a defined period to the manufacture, use, or sale of the new adhesive tape?WarrantPatentCopyrightTrademarkWrit QUESTION 38Which of the following suggests that trade is a positive-sum game in which all participating countries fetch economic gains?The Heckscher-Ohlin theoryMercantilismThe theory of comparative advantageLeontief’s paradoxThe Samuelson critique QUESTION 39Capricorn Creative Inc., a U.S.-based advertising firm, was the first in the advertising industry to identify the growth potential of Brazil and to make huge investments in its economy. As a result, the firm was able to build brand loyalty and gain experience in that country’s business practices. In the language of business strategy, Capricorn Creative has typically benefited from:a first-mover advantage.forward integration.unrelated differentiation.lateral diversification.technology transfer. QUESTION 40Which of the following is a major reason why many economists remain critical of the infant industry argument?It makes the domestic industry inefficient.It does not provide guaranteed employment for the citizens.It affects the standards of living and per capita income of the people.It promotes foreign direct investment.It leads to reduced prices in domestic markets. QUESTION 41Which of the following groups benefits the most from the imposition of tariffs?Domestic producersConsumersExporters and importersForeign producersInternational bodies such as WTO QUESTION 42The rise of Islamic fundamentalism is, in part, a response to the:denial of equal rights for women and other minorities.movement in traditional Islamic societies toward modernization.narrowing gap between the rich and the poor.increasing standard of living in Islamic societies.widening gap between the highly developed and the less developed nations. QUESTION 43Which of the following best exemplifies foreign direct investment (FDI)?Pure Pearls, a jewelry store in the United States, imports harvested pearls from Indonesia, Philippines, and Australia.Chivalry, a U.S.-based phone manufacturing company, has set up its own assembly plant in Japan to cater to the needs of the Asian market.Delicate Love, a reputable florist company in Holland, exports tulips and roses throughout the globe.Samantha started an Italian restaurant in her home country, the United States, after she took cooking lessons from a well-known chef in Italy.Yin and Yang Inc., a Chinese firm, supplies buttons and zippers to major denim brands in the United Kingdom. QUESTION 44The act that allows Americans to sue foreign firms that use property in Cuba confiscated from them after the 1959 revolution is known as the:Frederick-Peterson Act.D’Amato-Perkins Act.Perkins-Dole Act.Helms-Burton Act.Godfrey-Milliken Act.
QUESTION 31Patents, copyrights, and trademarks establish ownership rights over what type of property?IntellectualRealTangibleNon-performingStolen
QUESTION 32Which of the following statements is true about most Western societies?In Western societies social groups, rather than individuals, are the basic building blocks of social organization.The value systems of many Western societies emphasize individual achievement.In Western societies, the social standing of individuals is merely a function of who they work for.The emphasis on individuals in Western societies has led to a low level of entrepreneurial activity.It is easier to build and manage teams within organizations in Western societies.
QUESTION 33Which of the following helps a firm to preempt available demand, gain cost advantages related to volume, and build an enduring brand ahead of later competitors?Monopolistic practicesComparative advantagesAbsolute advantagesFirst-mover advantagesMercantilism
QUESTION 34Which products are not so sensitive cultural distanceCerealsTobacco productsMetalworking machineryMeat and meat preparations
QUESTION 35In today’s world more than 90% of all phone calls, Web traffic and investment isInternationalRegionalLocalConcentrated in emerging markets
QUESTION 36In “Making it in America,†output from American factories in the last decade has:fallen dramaticallyincreased dramaticallyremained the samefallen slightly
QUESTION 37Silver Tape Corporation has developed a new type of adhesive tape. Which of the following types of legal protections can grant the company exclusive rights for a defined period to the manufacture, use, or sale of the new adhesive tape?WarrantPatentCopyrightTrademarkWrit
QUESTION 38Which of the following suggests that trade is a positive-sum game in which all participating countries fetch economic gains?The Heckscher-Ohlin theoryMercantilismThe theory of comparative advantageLeontief’s paradoxThe Samuelson critique
QUESTION 39Capricorn Creative Inc., a U.S.-based advertising firm, was the first in the advertising industry to identify the growth potential of Brazil and to make huge investments in its economy. As a result, the firm was able to build brand loyalty and gain experience in that country’s business practices. In the language of business strategy, Capricorn Creative has typically benefited from:a first-mover advantage.forward integration.unrelated differentiation.lateral diversification.technology transfer.
QUESTION 40Which of the following is a major reason why many economists remain critical of the infant industry argument?It makes the domestic industry inefficient.It does not provide guaranteed employment for the citizens.It affects the standards of living and per capita income of the people.It promotes foreign direct investment.It leads to reduced prices in domestic markets.
QUESTION 41Which of the following groups benefits the most from the imposition of tariffs?Domestic producersConsumersExporters and importersForeign producersInternational bodies such as WTO
QUESTION 42The rise of Islamic fundamentalism is, in part, a response to the:denial of equal rights for women and other minorities.movement in traditional Islamic societies toward modernization.narrowing gap between the rich and the poor.increasing standard of living in Islamic societies.widening gap between the highly developed and the less developed nations.
QUESTION 43Which of the following best exemplifies foreign direct investment (FDI)?Pure Pearls, a jewelry store in the United States, imports harvested pearls from Indonesia, Philippines, and Australia.Chivalry, a U.S.-based phone manufacturing company, has set up its own assembly plant in Japan to cater to the needs of the Asian market.Delicate Love, a reputable florist company in Holland, exports tulips and roses throughout the globe.Samantha started an Italian restaurant in her home country, the United States, after she took cooking lessons from a well-known chef in Italy.Yin and Yang Inc., a Chinese firm, supplies buttons and zippers to major denim brands in the United Kingdom.
QUESTION 44The act that allows Americans to sue foreign firms that use property in Cuba confiscated from them after the 1959 revolution is known as the:Frederick-Peterson Act.D’Amato-Perkins Act.Perkins-Dole Act.Helms-Burton Act.Godfrey-Milliken Act.
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