WorksheetsQuiz 3- National Business Environment
Total questions: 10
Worksheet time: 5mins
Which of the following is a key feature of a totalitarian political system?
Freedom of expression and periodic elections
Power is acquired and retained through military force or fraudulent elections
Strong protection of minority rights
Wide participation of the people in government decisions
Which type of economic system is characterized by government ownership of land, factories, and resources, with nearly all economic activity planned by the state?
Market economy
Mixed economy
Centrally planned economy
Free-market capitalism
In a democratic political system, which of the following is NOT typically present?
Periodic elections
Minority rights
Restricted political participation
Freedom of expression
Which of the following legal systems is based on detailed written rules and statutes that constitute a legal code?
Common law
Civil law
Theocratic law
Socialist law
Which of the following is an example of intellectual property?
Factory machinery
Land and buildings
Graphic designs and computer software
Raw materials
What does the term "corporate social responsibility" refer to?
Maximizing profits at all costs
A company's obligation to balance commitments to stakeholders beyond legal requirements
Strict adherence to only legal business practices
Focusing solely on investor returns
What is the main concern regarding product safety and liability in global business?
Ensuring that competitors do not copy product designs
Responsibility for damages, injury, or death caused by defective products
Regulating advertising strategies to target international markets
Managing trade agreements between countries
Which of the following is an ethical issue in global business?
Export tariffs and import quotas
Labor conditions and human rights abuses
Government subsidies for businesses
International banking regulations
Which ethical perspective suggests that a company should follow the local ethical norms of the country in which it operates?
Righteous moralist
Universalist
Cultural relativist
Ethical absolutist
Which of the following best describes "fair trade" practices?
Prioritizing profit over worker conditions
Ensuring producers receive fair prices and supporting sustainable business practices
Engaging in free-market capitalism without regulations
Removing tariffs and quotas to encourage global trade
