Christianity is the largest religion and is common throughout Europe and America.

• A) True
• B) False
• C)
• D)

First-mover advantage will not create a barrier to entry for potential rivals and may not allow a country to dominate in a product.

• A) True
• B) False
• C)
• D)

Who argued that people do business not only to earn money but also to have spiritual satisfaction by serving humanity?

• A) Karl Marx
• B) Fredrick Taylor
• C) Max Weber
• D) Peter Drucker

All of the following are attractiveness factors for international business except:

• A) Repatriation
• B) Intellectual Property Rights protection
• C) Literacy rate of the host country
• D) Sovereign immunity

Which of the following country is famous for the export of crawfish?

• A) Italy
• B) Mexico
• C) China
• D) Brazil

Which of the following country is famous for the export of chemicals, watches, and jewelry?

• A) Brazil
• B) Switzerland
• C) China
• D) Mexico

What does the acronym PRISM stand for?

• A) Primary Risk Investment Screening Manual
• B) Primary Risk International Screening Matrix
• C) Primary Risk Investment Screening Matrix
• D) Primary Risk Introduction Screening Matrix

International trade is the concept of exchange between people or entities in two different countries.

• A) True
• B) False
• C)
• D)

Trade is the concept of exchanging goods and services between two people or entities.

• A) True
• B) False
• C)
• D)

There are three key teachings of Confucianism - loyalty, reciprocal obligations, and honesty.

• A) True
• B) False
• C)
• D)

Which of the following country has mixed economy and considered to be highly attractive for international business firms?

• A) Singapore
• B) America
• C) Japan
• D) Russia

Which of the following are considered successful in delivering the sustained economic performance in different countries?

• A) Command economies
• B) Mixed economies
• C) Market-based systems
• D) Web-based systems

Identify a country in which common law operates.

• A) United Kingdom
• B) France
• C) Japan
• D) Germany

The product life cycle always begins with the introduction of a new product.

• A) True
• B) False
• C)
• D)

All of the following are the basis for Social Stratification, Except:

• A) Educational Qualification
• B) Income Level
• C) Occupation
• D) Family Background

Which of the following dimension looked at the relationship between gender and work roles?

• A) Individualism versus collectivism
• B) Uncertainty avoidance
• C) Power distance
• D) Masculinity versus femininity

Which one of the following explains the phenomenon where late entrants might suffer a lot?

• A) First-mover advantages
• B) First-mover disadvantages
• C) Late-mover disadvantages
• D) Late-mover advantages

Political risks are those that arise as a result of changes in a country's policies, laws, or investment restrictions.

• A) True
• B) False
• C)
• D)

Routine conventions of everyday life are termed as:

• A) Values
• B) Folkways
• C) Ethics
• D) Norms

Indictments against theft, adultery, incest and cannibalism are part of which of the following?

• A) Ethics
• B) Values
• C) Mores
• D) Folkways