The phenomenon of understanding international culture differences in the context of international business, is termed as:

• A) Cultural Fragmentation
• B) Cultural Discrimination
• C) Cultural Literacy
• D) Cultural Integration

Hinduism, practiced primarily in China.

• A) False
• B) True
• C)
• D)

Which one of the following factors has LEAST effect on the cost of doing business in a foreign country?

• A) Cultural
• B) Legal
• C) Economic
• D) Political

International business firms are hesitant in making long term contracts and doing joint ventures when they face:

• A) Social Risk
• B) Political Risk
• C) Insurance Risk
• D) Legal Risk

When democratic revolution takes place in international business scenario, the expansion takes place mostly at the level of:

• A) Elite Class
• B) Middle Class
• C) Lower Class
• D) Upper Class

Which of the following dimensions focuses on the relationship between the individual and his or her fellows?

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

Which of the following is the economic and strategic advantage that accrues to early entrants into an industry?

• A) Late-mover advantage
• B) Intervening advantage
• C) Competitive advantage
• D) First-mover advantage

The word 'technology' is usually not associated with technique and equipment.

• A) False
• B) True
• C)
• D)

Which one of the following culture place higher value on peripheral information?

• A) Conservative cultures
• B) High-context cultures
• C) Low-context cultures
• D) Complex cultures

Which one of the following is a country where Theocratic system of law does not prevail?

• A) Iran
• B) Saudi Arabia
• C) Poland
• D) Vatican City

What is the effect of accountability of politicians on the overall cost of doing business in a foreign country?

• A) Decreases
• B) Have no relationship
• C) Increases
• D) Constant

Trade barriers and taxes are few types of political risk in international business.

• A) True
• B) False
• C)
• D)

Porter identified three determinants of his theory.

• A) False
• B) True
• C)
• D)

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

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

Who was the founder of Buddhism?

• A) Megawati Sukarnoputri
• B) Maharishi Markandeya
• C) Siddhartha Gautama
• D) Pandurang Shastri Athavale

The GNP and PPP data give a static picture of development, so it gives which one of the following information?

• A) Economic conditions of different countries
• B) Growth rate of different countries
• C) Comparative analysis of different countries
• D) Inflation rate of different countries

Who gave the postulate that since the United States was relatively abundant in capital compared to other nations, the United States would be an exporter of capital-intensive goods and an importer of labor-intensive goods?

• A) Hagelstam
• B) Heckscher
• C) Wassily Leontief
• D) David Hume

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