AGB 302 Final Exam | 100 Questions with 100% Correct Answers | Updated & Verified
Question :1) In several Western democracies, the poor
performance of state-owned enterprises, because of protection from competition and guaranteed government financial support, led to ________.
Correct answer: privatization
Question :1) The tenet of ________ is that the welfare of
society is best served by letting people pursue their own economic self-interest.
Correct answer: individualism
Question :1) In a ________ economy, certain sectors of the
economy are left to private ownership and free market mechanisms while other sectors have significant state ownership and government planning.
Correct answer: mixed
Question :Which of the following statements about the legal
systems of countries is true?
Correct answer: They can affect the attractiveness of a
country as an investment site or market
Question :1) Under the ________, cases are judged with
reference to three characteristics: tradition, precedent, and
custom.
Correct answer: common law system
Question :1) Which of the following areas of international
trade is regulated by the Foreign Corrupt Practices Act?
Correct answer: Preventing bribery and unethical acts in the
conduct of international business.
Question :1) Design and names by which merchants or
manufacturers designate and differentiate their products are known as ________.
Correct answer: trademarks
Question :1) One of the reasons for the spread of democracy
is the emergence of ________ who have pushed for democratic reforms.
- increasingly prosperous middle and working classes
Correct answer: increasingly prosperous middle and working
classes
Question :1) Anecdotal comparisons suggest that the assertion
that nations that invest more in ________ will have higher growth rates is true.
- education
Correct answer: education
Question :1) Several of the fastest-growing Asian economies
adopted more ________ governments during the past three decades, including South Korea and Taiwan.
- democratic
Correct answer: democratic
Question :1) Which of the following helps in adjusting GNI
such that it accounts for the differences in the cost of living?
- Purchasing power parity (PPP) adjustment
Correct answer: Purchasing power parity (PPP) adjustment
Question :1) Which of the following statements about values
and norms of a culture is true?
- The values and norms of a society influence social
structure.
Correct answer: The values and norms of a society influence
social structure.
Question :1) Which of the following is a consequence of the
emphasis on individual performance in many Western societies?
- High degree of managerial mobility
Correct answer: High degree of managerial mobility
Question :1) Which of the following is a closed system of
stratification in which social position is determined by the