WorksheetsUnit1 - IB&SA
Total questions: 20
Worksheet time: 10mins
Which of the following systems is a part of the political economy?
Religious system
Value system
Demographic system
Legal system
Technological system
What emphasis on the need of the society as a whole are more important than an individual freedom?
democracy.
collectivism.
individualism.
capitalism.
privatization.
Which of the following is an example of representative democracy?
Restrictions on an individual's right to freedom of expression, opinion, and organisation
Inability of the citizens to vote out elected representatives who fail to perform their job adequately at the next election.
An unlimited term for elected representatives
A court system that is linked to the political system
A non-political police force and armed service
States that limit the freedom of religious expression with laws based on religious principles most likely follow the political system of?
theocratic totalitarianism.
communist totalitarianism.
right-wing totalitarianism.
pure democracy.
representative democracy.
The government of a X country plans the goods and services that X country produces, the quantity of goods produced, and the prices at which goods are sold. X country is a ________economy.
market
mixed
command
theocratic
plural
Which of the following legal systems is most likely to be based on tradition, precedent, and custom?
common law
civil law
autocracy law
monarchy law
universal law
The two main components of globalization are:
the globalization of finance and the globalization of accounting
the globalization of markets and the globalization of production
the globalization of advertising and the globalization of services
the globalization of technology and the globalization of markets
the globalization of markets and the globalization of process
What maintains order in the international monetary system ?
WB
OPEC
G20
UN
IMF
Which of the following grants the inventor of a new product or process exclusive rights for a defined period to the manufacture, use, or sale of that invention?
copyright
trademark
patent
warranty
service mark
______ provide the context within which a society’s norms are established and justified.
Culture
Values
Norms
Flokways
Mores
laws against theft and incest are example of?
Values
Flokways
Society
Civil law
Mores
Which of the following factors do NOT influence the change of a culture?
Change in technology
prevailing political philosophies
prevailing economic philosophies
a society’s social structure
the dominant religion, language, and education
Which among the below is a determinant of culture.
Values
Norms
Religion
Mores
Flokways
The extent to which individuals can move out of the strata into which they are born.
Social Strata
Social mobility
Social category
Social class
Social caste
Who isolated four dimensions that summarized different cultures?
Michael Porter
Adam Smith
Geert Hofstede
David Ricardo
Paul Kaufman
Which of the dimensions measures how a society deals with the fact that people are unequal in physical and intellectual capabilities.
Uncertainty avoidance
Power difference
Masculinity versus femininity
Individualism versus collectivism
Confucian dynamism
Jewish law is an example of what type of law system?
Autocratic
Civil
Common
Theocratic
Universal
Which of the following statements is true about the difference between contracts in common law and civil law systems?
Contracts drafted under a common law system tend to be longer than those drafted under a civil law system.
Contracts drafted under a common law system tend to be more specific than those drafted under a civil law system.
It is more expensive to draw up contracts in a civil law system than in a common law system.
Resolving contract disputes tends to be less adversarial in common law systems than in civil law systems.
Civil law systems have the advantage of greater flexibility and allow for judges to interpret a contract dispute in light of the prevailing situation, but this feature is absent in common law systems.
Which of the following refers to an economic system in which the interaction of supply and demand determines the quantity in which goods and services are produced?
Barter
Command
Market
Regulated
Centrally planned
A totalitarian political system in which a party, group, or individual that represents the interests of a particular ethnic group monopolizes political power is referred to as
theocratic totalitarianism.
communist totalitarianism.
right-wing totalitarianism.
tribal totalitarianism.
democratic totalitarianism.
