Chapter 2, 3, 4 (Political Economy, Culture, Ethics)

Collectively, we refer to political, economic, and legal systems as constituting the _______ economy of a country.

• Legislative

• Governing

• Political

• Administrative

Political systems that emphasize _______ tend towards totalitarianism, while _______ tend to be democratic.

• individualism; collectivism

• collectivism; individualism

• individualism; socialism

• theocracy; capitalism

Modern __________ trace their intellectual roots to Karl Marx.

• Separatists

• Capitalists

• Socialists

• Federalists

State ownership of the means of production:

• is the most profitable way to organize production

• is the most acceptable way to organize the economy

• often runs in parallel with the public interest

• leads to increased inefficiency, higher prices and higher taxes

_______ go "hand in hand."

• Anarchy and individualism

• Totalitarianism and democracy

• Democracy and individualism

• Collectivism and individualism

Abstract ideas about what a society believes to be good, right and desirable, are

• values

• economics

• politics

• technology

_______ is the belief in the superiority of one's own ethnic group or culture.

• Power distance

• Ethnocentrism

• Uncertainty avoidance

• Dynamism

_______ enable(s) a manager to walk away from a decision that is profitable.

• Kantian Discipline

• Economic self-sufficiency

• Human resources

• Moral courage

Basic Human rights are:

• respected worldwide.

• still not respected in many nations.

• respected in only OECD countries.

• only respected in North America

Many of the ethical issues and dilemmas in international business are rooted in the fact that _______ vary/varies significantly from nation to nation.

• political systems

• law

• economic development

• culture

• All of these answers are correct.