IBM-Chapter II Quizze

What are the main differences between international business and domestic business?

• Political, economic, and legal systems

• Cultural practices and education levels

• Economic development and societal culture

• Political systems and economic development

What are the two dimensions used to assess political systems?

• Collectivism and individualism

• Democracy and totalitarianism

• Socialism and individualism

• Communism and democracy

What is the opposite of collectivism?

• Socialism

• Communism

• Totalitarianism

• Individualism

What is the pure form of democracy based on?

• Prohibition of opposing political parties

• Absolute control by a political party

• Emphasis on collective goals over individual goals

• Direct involvement of citizens in decision making

What are the three broad types of economic systems?

• Democratic economy, totalitarian economy, and pseudo-economy

• Socialist economy, capitalist economy, and communist economy

• Market economy, command economy, and mixed economy

• Planned economy, free economy, and regulated economy