ABG 302 FINAL EXAM NEWEST 2024 ACTUAL EXAM COMPLETE 200 QUESTIONS AND CORRECT DETAILED A, Exams of Nursing

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ABG 302 FINAL EXAM NEWEST 2024 ACTUAL EXAM COMPLETE 200 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+. which of the following is a step in the shift towards a market based economic system? - ANSWER >>>>creation of a legal system to safeguard property rights design and names by which merchants or manufacturers designate and differentiate their products are known as __________ - ANSWER >>>>trademarks ________, a nobel prize-winning economist, has argued that development is not just an economic process, but it is a political one as well. - ANSWER >>>>amartya sen in several western democracies, the poor performance of state-owned enterprises, because of protection from competition and guaranteed government financial support, led to ________. - ANSWER >>>>privatization one of the reasons for the spread of democracy is the emergence of _____________ who have pushed for democratic reforms. - ANSWER >>>>increasingly prosperous middle and working classes which of the following areas of international trade is regulated by the Foreign Corrupt Practice Act? - ANSWER >>>>preventing bribery and unethical acts in the conduct of international business the tenet of ___________ is that the welfare of society is best served by letting people pursue their own economic self- interest. - ANSWER >>>>individualism the state can expropriate the profits from innovation through legal means, such as ____________. - ANSWER >>>>excessive taxation a free market economy in which property rights are protected leads to subsequent economic growth, which often leads to the establishment of: - ANSWER >>>>a democratic regime under the ___________, cases are judged with reference to three characteristics: tradition, precedent, and custom. - ANSWER >>>>common law system anecdotal comparisons suggest that the assertion that nations that invest more in _________ will have higher growth rates is true. - ANSWER >>>>education which of the following helps in adjusting GNI such that it accounts for the differences in the cost of living? - ANSWER >>>>purchasing power party (PPP) adjustment in a ___________ economy, certain sectors of the economy are left to private ownership and free market mechanisms while other sectors have significant state ownership and government planning. - ANSWER >>>>mixed ethical systems are: - ANSWER >>>>a set of moral principles, or values, that are used to guide and shape behavior which of the following sociologists made a connection between protestant ethics and "the spirit of capitalism"? - ANSWER >>>>max weber which of the following is a consequence of the emphasis on individual performance in many western societies? - ANSWER >>>>high degrees of managerial mobility which of the following statements is true about a class system? - ANSWER >>>>social mobility within a class system varies from society to society there are three values central to the confucian system of ethics that have very important economic implications. which of the following is one of these? - ANSWER >>>>honesty in dealings with others the righteous moralist suggests that: - ANSWER >>>>if a manager of a multinational sees that firms from other nations are not following ethical norms in a host nation, that manager should not either the convention on combating bribery of foreign public officials in international business transactions excludes: - ANSWER >>>>facilitating payments made to expedite routine government action a firm's ________ include customers, suppliers, and lenders - ANSWER >>>>external stakeholders a situation in which none of the available alternatives seems morally acceptable is called: - ANSWER >>>>an ethical dilemma according to the Friedman doctrine: - ANSWER >>>>businesses should not undertake social expenditures beyond those mandated by the law and required for the efficient running of a business for international businesses, the connection between culture and competitive advantage is important because: - ANSWER >>>>a strong connection is likely to produce the most viable competitors inadequate protections for intellectual property: - ANSWER >>>>reduce the incentive for innovation which of the following refers to a situation where a government does not attempt to influence through quotas or duties what its citizens can buy from another country? - ANSWER >>>>free trade which of the following is a theory that can be used to justify limited government intervention to support the development of certain export-oriented industries? - ANSWER >>>>new trade theory a key issue in the "millennium round" of the WTO was to: - ANSWER >>>>further reduce barriers to cross-border trade and investment many firms, of all national origins, increasingly depend on __________ for their competitive advantage - ANSWER >>>>globally dispersed production systems WTO rules allow countries to ___________ foreign goods that are being sold cheaper than at home, or below their cost of production, even when domestic producers can show that they are being harmed - ANSWER >>>>impose antidumping duties on the theory of comparative advantage suggests that trade is a __________ game in which all countries that participate realize economic gains - ANSWER >>>>positive-sum ____________ are levied as a proportion of the value of the imported good - ANSWER >>>>ad valorem tariffs according to Ricardo's theory of comparative advantage, a country should produce goods: - ANSWER >>>>that it produces most efficiently ___________ are unit cost reductions associated with a large scale of output - ANSWER >>>>economies of scale the _________ argues that a large proportion of the world's new products had been developed by U.S. firms - ANSWER >>>>product life-cycle theory a company that sells its product in a foreign market below the cost of production may be accused of - ANSWER >>>>dumping the cost of capital is: - ANSWER >>>>higher in a purely domestic capital market than in a global market recent years have seen a __________ in the number of countries that adhere to a radical ideology regarding FDI - ANSWER >>>>marked decline which of the following is an example of a greenfield investment? - ANSWER >>>>a Chinese sugar maker setting up a sugar crushing facility in Cuba an aspect of _________ is the tendency to aggressively court FDI believed to be in the national interest by, for example, offering subsidies to foreign MNEs in the form of tax breaks or grants - ANSWER >>>>pragmatic nationalism borrowers can hedge against foreign exchange risks by entering into a ________ contract - ANSWER >>>>forward developing nations currently account for _________ of FDI in the form of cross-border mergers and acquisitions - ANSWER >>>>about one-third or less ____________ gives a firm tight control over manufacturing, marketing, and strategy in a foreign country that may be required to maximize its profitability - ANSWER >>>>foreign direct investment __________ deposits are regulated in most industrialized countries - ANSWER >>>>domestic currency the largest source country for FDI has been _____________ - ANSWER >>>>the United States ____________ argues that FDI is a benefit to both the source country and to the host country - ANSWER >>>>the free market view from least integrated to most integrated, the levels of economic integration are a: - ANSWER >>>>free trade area, customs union, common market, economic union, and political union an exchange rate of 1 euro = $1.30 indicates that: - ANSWER >>>>one euro buys 1.30 dollars restrictions on external convertibility can: - ANSWER >>>>limit domestic companies from investing abroad country x and country y reach an agreement to boost bilateral trade. which level of economic integration is this an example of? - ANSWER >>>>free trade area on average, studies indicate that NAFTA's overall impact has been: - ANSWER >>>>small but positive an ___________ is one in which prices do not reflect all available information - ANSWER >>>>inefficient market inflation occurs when: - ANSWER >>>>the quantity of money in circulation rises faster than the stock of goods and services when a tourist goes to a bank in a foreign country to convert money into the local currency, the exchange rate used is the ____________ - ANSWER >>>>spot rate a ____________ is the simultaneous purchase and sale of a given amount of foreign exchange for two different value dates - ANSWER >>>>currency swap the rate at which one currency is converted into another is known as the _____________ - ANSWER >>>>exchange rate the short-term movement of funds from one currency to another in the hopes of profiting from shifts in exchange rates is known as: - ANSWER >>>>currency speculation the movement toward regional economic integration has been most successful in __________ - ANSWER >>>>europe a political benefit of economic integration is that it: - ANSWER >>>>reduces the potential for violent conflict to ensure that a free trade agreement does not result in trade diversion, which of the following has to come within the scope of WTO? - ANSWER >>>>non-tariff barriers the risk that arises from volatile changes in exchange rates is known as ___________ - ANSWER >>>>foreign exchange risk an ____________ entails even closer economic integration and cooperation than a common market - ANSWER >>>>economic union Anecdotal comparisons suggest that the assertion that nations that invest more in ____ will have higher growth rates is true - ANSWER >>>>Education In a ____ economy certain sectors of the economy are left to private ownership in free-market mechanisms while other sectors have significant state ownership and government planning - ANSWER >>>>mixed Under the ____ cases are judged with reference to three characteristics: tradition, precedent, and custom - ANSWER >>>>common law system The state can expropriate the profits from innovation for legal means such as ____. - ANSWER >>>>Excessive Taxation One of the reasons for the spread of democracy is the emergence of ____ who have pushed for democratic reforms - ANSWER >>>>Increasingly prosperous middle and working classes Design and names by which merchants and manufactures designate and differentiate their products are known as ____. - ANSWER >>>>Trademarks Which of the following helps in adjusting GNI such that it accounts for the differences in the cost of living? - ANSWER >>>>Purchasing power parity (PPP) adjustment A free market economy in which property rights are protected leads to subsequent economic growth, which often leads to the establishment of: - ANSWER >>>>democratic regime Which of the following sociologist made a connection between protestant ethics in the spirit of capitalism - ANSWER >>>>Max Weber Which of the following is a closed system of stratification in which social position is determined by the family into which a person is born then changes in that position is usually not possible during the individuals lifetime - ANSWER >>>>Caste system Ethical systems are: - ANSWER >>>>a set of moral principles, or values, that are used to guide and shape behavior Japanese executive's ritual of presenting a business card to a foreign business executive is an example of____. - ANSWER >>>>Folkways According to Islam, those who hold property are regarded as___. - ANSWER >>>>Trustees Which of the following refers to the values and norms that the employees of an organization share? - ANSWER >>>>organization culture The convention of combating bribery of foreign public officials in international business transactions excludes: - ANSWER >>>>Facilitating payments made to expedite routine government action Child labor is permitted in widely employed in country X. A multinational company entering country X decides to employ minors in its subsidiary, even though it is against the multinationals home country ethics. Which of the following approaches to business ethics would justify the actions of multinational company? - ANSWER >>>>cultural relativism A situation in which none of the available alternatives seems morally acceptable is called: - ANSWER >>>>an ethical dilemma The____ occurs when a resource is shared by all, but owned by no one, is overused by individuals, resulting in its degradation. - ANSWER >>>>Tragedy of the commons The righteous moralist suggests that: - ANSWER >>>>If a manager of a multinational sees that firms from other nations are not following ethical norms in a host nation, that managers should not either. Which of the following is a consequence of the emphasis on individual performance in many Western societies? - ANSWER >>>>High degree of managerial mobility Companies can strengthen the____of employees by committing themselves to not retaliate against employees who complain about unethical actions. - ANSWER >>>>Moral courage Which of the following statements is true about a class system? - ANSWER >>>>Social mobility within a class system varies from society to society Which of the following statements about values and norms of a culture is true? - ANSWER >>>>The values and norms of a society influence social structure WTO rules allow countries to____foreign goods that are being sold cheaper than at home, or below their cost of production, even when domestic producers can show that they are being harmed - ANSWER >>>>Impose anti-dumping duties on Strategic trade policy suggest that a government should use____to support promising firms that are active in newly emerging industries - ANSWER >>>>Subsidies Which of the following is a theory that can be used to justify limited government intervention to support the development of certain export oriented industries? - ANSWER >>>>New trade theory Which of the following refers to a situation where a government does not attempt to influence through quotas or duties what is citizens can buy from another country? - ANSWER >>>>Free trade A country has an absolute advantage in the production of a product when it: - ANSWER >>>>Is more efficient than any other country in producing it ____Are levied it as a proportion of the value of the imported good. - ANSWER >>>>Ad valorem tariffs According to Ricardo's theory of compared to the dentist, a country should produce goods: - ANSWER >>>>That it produces most efficiently ____Refers to a situation where government does not attempt to influence the quotas or delays what it says since can buy from another country. - ANSWER >>>>Free trade ____Argue that country should specialize in the production of goods for which they have an absolute advantage. - ANSWER >>>>Adam Smith The cost of capital is: - ANSWER >>>>Higher in a purely domestic capital market then in a global market The largest source country for FDI has been____. - ANSWER >>>>The United States Which of the following factors has made the United States and attractive target for foreign direct investment? - ANSWER >>>>It's wealthy domestic markets Developing nations currently account for____of FDI in the form of cross-border mergers and acquisition's. - ANSWER >>>>About 1/3 or less Borrowers can hedge against foreign exchange risks by entering into a____contract. - ANSWER >>>>Forward Market makers are: - ANSWER >>>>financial service companies that connect investors and borrowers A____ requires a corporation to repay a predetermined portion of the loan amount at regular intervals regardless of how much profit is making. - ANSWER >>>>Debt loan ____Deposits are regulated in most industrialized countries. - ANSWER >>>>Domestic currency Recent years have seen a____in the number of countries that adhere to a radical ideology regarding FDI. - ANSWER >>>>Marked decline ____Perform a direct connection function in capital markets. - ANSWER >>>>Investment banks An aspect of____is the tendency to aggressively court FDI believed to be in the national interest by, for example, offering subsidies to for an MNEs in the form of tax breaks or grants. - ANSWER >>>>Pragmatic nationalism An integrated international capital market is____compared to a non-integrated market. - ANSWER >>>>Highly volatile A____brings together those who want to invest money and those who want to borrow money - ANSWER >>>>Capital market ____ Gives a firm take control over manufacturing, marketing, and strategy in a foreign country that may be required to maximize its profit ability. - ANSWER >>>>Foreign direct investment ____Argues that FDI is a benefit to both the source country and the host country. - ANSWER >>>>The free market view The two most common methods of restricting inward FDI are ownership restraints and____. - ANSWER >>>>Performance requirements Investors who purchase a fixed rate bond received: - ANSWER >>>>A fixed set of cash playoffs