International Business Quiz C2

Managing an international business is different from managing a purely domestic business for which of the following reasons?

• Countries prefer to keep business transactions between domestic partners.

• The range of problems confronted are wider and more complex.

• International businesses have an added layer of U.N. regulations.

• International transactions involve exchanging currencies through each countries' treasury.

The central message of collectivism is that individual economic and political freedoms are the ground rules on which a society should be based.

• TRUE

• FALSE

The communists believed that socialism could be achieved by democratic means, and turned their backs on violent revolution and dictatorship.

• TRUE

• FALSE

The Cold War was, in many respects, a war between collectivism and individualism.

• TRUE

• FALSE

Most modern democratic states practice representative democracy.

• TRUE

• FALSE

Democracy is a form of government that prohibits opposing political parties.

• TRUE

• FALSE

In a totalitarian country, there are safeguards to protect an individual's right to freedom of expression, opinion, and organization.

• TRUE

• FALSE

The number of command economies has fallen dramatically since the demise of communism in the late 1980s.

• TRUE

• FALSE

The objective of the government in a command economy is to encourage free and fair competition between private producers.

• TRUE

• FALSE

In mixed economies, governments also tend to take into state ownership troubled firms whose continued operation is thought to be vital to national interests.

• TRUE

• FALSE