Large multinationals unethically engage manual workers at very low wages for long hours and under poor working conditions, these workplaces are termed as:

• A) Sweatshops
• B) Dark factories
• C) Sweat factories
• D) Dark shops

For an international business firm lack of infrastructure in the host country may result in overall…

• A) Increase in profit
• B) Increase in cost
• C) Decrease in profit
• D) Decrease in cost

Which of the following nation has the people with strong social bonding such as they prefer to spend their whole career life within one organization?

• A) Japan
• B) India
• C) England
• D) Pakistan

The risk of terrorism comes under political risk.

• A) False
• B) True
• C)
• D)

Companies today design new products and make product modifications at a very quick pace.

• A) False
• B) True
• C)
• D)

Who argues that there is no “universal” civilization based on widespread acceptance of Western liberal democratic ideals?

• A) Samuel Huntington
• B) Francis Fukuyama
• C) Samuel Fukuyama
• D) Francis Huntington

Collectivism culture stresses the importance of the community.

• A) False
• B) True
• C)
• D)

Overall attractiveness of a country for international business firms includes the following factors

• A) Profit, Opportunities, Risks
• B) Threats, Risks, Opportunities
• C) Costs, Threats, Opportunities
• D) Costs, Benefits, Risks

The theory of absolute advantage was initially presented by:

• A) Adam Smith
• B) Max Webber
• C) David Ricardo
• D) Karl Marx

De-nationalization results in…

• A) Deflation
• B) Inflation
• C) Un-employment
• D) Rise in entrepreneurial spirit

ICT stands for information and communication techniques.

• A) True
• B) False
• C)
• D)

People experience “culture shock” when they return home after accepting the culture they experienced overseas and discover that things have changed at home during their absence.

• A) True
• B) False
• C)
• D)

Which of the following terms describes removal of government restrictions concerning the conduct of a business?

• A) Nationalization
• B) Deregulation
• C) Regulation
• D) Polarization

Difference in attitudes and customs comes under cultural shock.

• A) False
• B) True
• C)
• D)

Confucianism has been the official ethical system of china till:

• A) 1949
• B) 1939
• C) 1959
• D) 1929

GDP is normally used to measure the size of an economy.

• A) False
• B) True
• C)
• D)

“Theory of comparative advantage” advanced by which of the following English economist of 19th century?

• A) Langford Lovell Price
• B) Bonamy Price
• C) David Ricardo
• D) John Pollexfen

Geographically the country which has more harbors, trade routes, valleys, extreme temperatures, rivers is likely to have more…

• A) Economical Human Resource
• B) Economic Development
• C) Economies of scale
• D) None of the above

Which one of the following is the true synonym of ‘Stratum’?

• A) Alcoholic
• B) Wise person
• C) Division
• D) Politics

Poverty is the main causes of terrorism.

• A) False
• B) True
• C)
• D)