A country with high uncertainty avoidance will witness
1.lower level of stress among people
2.decision taken as a result of group consensus
3.less dependence on rules and regulations
4.people are serene
A philosophy of freedom of an individual in the economic and political pursuits is
1.Collectivism
2.Individualism
3.Socialism
4.Democracy
According to economic growth model of Rostow, passage of a country through the stages is
1.in the order specified
2.in any order
3.in the order specified, but certain stages may be skipped
4.automatic
According to the World Bank classification which of the following is not a high income economy?
1.Qatar
2.Romania
3.Austria
4.Canada
All societal factors that affect values, actions and beliefs of different groups of people are together called
1.Expatriation
2.Repatriation
3.Culture
4.Economy
Analyzing processes of change in the business environment involves conceptualizing it as
1.Complex
2.Static
3.Dynamic
4.Diverse
Computer programs are protected as
1.Copy rights
2.Trademarks
3.Patents
4.Industrial design
Ethical issues concerning business and public sector organisations exist at three levels.
1.Macro, Corporate, Individual
2.Corporate, Business, Functional
3.Corporate, Functional, Individual
4.Business, Family, Individual
Export control refers to restrictions on
1.Domestic firms from engaging in exports
2.Items that can be exported from the country
3.Foreign countries exporting to the country
4.Domestic firms engaging in trade with nation
Globalisation of markets has brought about economies of
1.scale in production
2.distribution and marketing
3.management
4.all business operations
International business does not result in the following
1.Innovation is encouraged
2.International cooperation is encouraged
3.Imports are rendered cheap
4.Consumption is minimized
Judgments are based on detailed codes, rather than precedents under
1.Common law
2.Civil law
3.Theocratic law
4.English law
Micro environment consist of _______
1.suppliers
2.competitors
3.political
4.cultural
One of the following does not represent a general market risk in the internationalization process
1.petition from other organizations in foreign markets
2.lack of tax incentives for organizations that export
3.language and cultural differences
4.complexity of shipping services to overseas buyers
Ownership of intellectual property is recognized in law by granting
1.Licenses
2.Patents
3.Copyrights
4.Patent, copyright or trademark as appropriate
Religion of a person affects his/her
1.attitude towards entrepreneurship
2.gifting practices
3.use of products
4.all of the above
The abstract ideas about what a group of people and that when taken together constitute a design for living is ______
1.norms
2.values
3.attitude
4.belief
The culture of an organisation can be conceived as consisting of layers.
1.Values; beliefs; behaviours; and taken-for-granted assumptions
2.Values; beliefs; tasks, objectives
3.Beliefs; tasks; personalities
4.Individual; functional; organisational
The disadvantages of Greenfield FDI as compared to acquisition is
1.Profit will be less
2.Size of investment will be high
3.Lesser control in management
4.Delay in establishment
The economic growth rate of a nation is not affected by.
1.business cycle
2.sporadic events
3.government policies
4.None of the above
The European Union is an example of
1.monetary union
2.free trade area
3.common market
4.economic union
The exclusive legal right of authors. Composers, play writes, artists and publishers to publish and disperse their works is
1.Patent
2.trade mark
3.copy right
4.Technology.
The following factor does not differentiate international business from domestic business
1.different currencies
2.product quality
3.product mobility
4.trade policies.
The following statement with respect to culture is false
1.Culture is enduring
2.Culture is changing
3.Culture is evolved among the members of a society
4.Culture is determined by national boundaries
The law based on the tradition of a precedent and custom is
1.civil law
2.criminal law
3.common law
4.religious law
The leading continent in international trade in IT products is ______
1.Asia
2.Europe
3.America
4.Africa
The least demanding targeting strategy in international marketing is
1.focused
2.differentiated
3.concentrated
4.undifferentiated
The operating risk in the host country does not include the risk of
1.Change in government policies
2.Exchange control
3.Price controls
4.Sanctions
The rate of increase in the air pollution is, ________
1.4 per cent
2.5 per cent
3.6 per cent
4.7 per cent
The requirement imposed by the host country government that gradually ownership and management of the firm transferred to the locals is
1.expropriation
2.confiscation
3.nationalization
4.domestication
The threat of substitutes may be high if
1.Switching costs are of concern to the customer
2.The substitute product provides a higher perceived value or benefit
3.The substitute product does not provide enhanced functionality, reduced cost and better quality
4.Customers have strong existing brand loyalty
Voluntary export restraint is
1.Tariff barrier
2.Non- tariff barrier
3.Both tariff and non- tariff barrier
4.Not a trade barrier
What 1997 treaty adopted a complex formula for greenhouse emissions to 1990 levels in the global north?
1.Kyoto protocol
2.UNEP
3.framework convention on climate change
4.UNCLOS III Montreal Protocol
What are the main objectives of Five year plan?
1.achieve full employment
2.reduce inequalities of income and wealth
3.setup a socialist society based on equality
4.balanced economy
Which of the following is not an element of culture?
1.Tax law
2.Language
3.Traditions
4.Art
Which of the following statement is true?
1.The payment of interest is considered illegal by Islam
2.The payment of interest is considered legal by Islam
3.Alcohol consumption is considered legal by Islam
4.Women entrepreneurs are encouraged
Wholly owned subsidiary can be set up
1.as a Greenfield venture
2.to acquire an existing firm
3.to have products marketed overseas
4.to have management is overseas