MCQs_for_GBE6_self-test

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1 The Global Business Environment , 6 th edition Multiple choice questions for the end of each chapter. Chapter 1 1 What are the strengths of the Levi Strauss brand? a Its fashion-conscious designs b Its history c Its ethical reputation d Its promotion by star athletes 2 Which of the following is a not-for-profit organization? a Barclays Bank b Facebook c The Red Cross d General Motors 3 Which of the following are not stakeholders of a company? a Employees of the company b Customers of the company c The community where the company is based d Employees of a rival firm 4 A ‘franchisee’ is defined as… a An owner of a brand who licenses businesses to trade under that brand b A business owner who pays fees to the owner of the brand c A brand owner who lets others use the brand d A person who is a sole trader 5 Sustainability is distinctive in taking into account which of the following? a Community interests b Future generations c Charities d Employee interests 6 The medium-size company consists of a maximum of how many employees? © Janet Morrison, The Global Business Environment (Bloomsbury, 2023, 6 th edition)

2 a 30 b 40 c 60 d 249 7 Which of the following rights would an ordinary shareholder not expect? a Vote in the Annual General Meeting b Receive dividends c Have a say in management d Vote on directors of the company 8 Which of the following is a criterion for a public limited company? a All the shares must be offered to the public. b The company must be owned by the state. c A portion of the shares must be offered to the public. d The government controls the company. 9 Which of the following best describes a non-executive director? a A person who sits on the company’s board as someone independent of the owners b A person who sits on the company’s board as someone independent of the owners and managers c A person who sits on the board, but is not an employee of the company d A person who paid a fee for sitting on the company’s board 10 Which of the following is not an element of sustainability? a Climate change. b Governance to promote social goods. c Societal wellbeing. d Industrialization. Chapter 2 1 SoftBank’s Vision Fund supports which one of the following? a Space travel b Innovative technology c Property development d Energy companies © Janet Morrison, The Global Business Environment (Bloomsbury, 2023, 6 th edition)

3 2 All but which one of the following statements reflects Friedman’s views on the internet? a It helps to expand global markets. b It undermines individual freedoms. c It allows companies to become globalized. d It empowers individuals. 3 Which of the following trends poses a threat to globalization? a Spread of the internet b Increase in trade barriers c Integrated supply chains d Global brands 4 In the 1980s, which Asian countries were industrializing rapidly? a China and Taiwan b Japan and South Korea c Japan and Indonesia d South Korea and the Philippines 5 Which of the following describes the Human Development Index as a system of ranking countries? a Ranking by income, health and education b Ranking by wealth, standard of living and education c Ranking by standard of living, health and childhood mortality d Ranking by income, level of development and health 6 Which of the following is not a transition economy? a Russia b Poland c Slovakia d Ireland 7 Which of the following is a ‘pull’ factor, encouraging companies to internationalize? a Saturation in the home market © Janet Morrison, The Global Business Environment (Bloomsbury, 2023, 6 th edition)

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4 b Growing consumer markets in emerging economies c Increased regulation in the home market d Diminishing pool of skilled workers in the home market 8 What does a sovereign wealth fund exist to do? a Support domestic industries b Pay out pensions to citizens c Invest state funds in the global economy d Pay out social benefits to citizens 9 Which of the following is not a location advantage for foreign investors? a Cheap labour b Low taxes d Proximity to transport c High level of regulation 10 All by which one of the following was a factor in the decline of Detroit’s car industry? a New factories built by foreign carmakers b Shortage of workers c Poor record of innovation d Poor industrial relations Chapter 3 1 Which of the following best characterizes Qatar’s development model? a Modernization based on energy wealth. b An economy based on energy resources. c An economy based on migrant labour. d Economic development based on tourism. 2 Which of the following characterizes a polycentric culture? a Belief in the superiority of one’s own culture b Hostility to other cultures c Openness to other cultures © Janet Morrison, The Global Business Environment (Bloomsbury, 2023, 6 th edition)

5 d Anti-immigrant views 3 Which of the following is a high-context culture? a UK b US c Japan d Australia 3 Which of the following characteristics is not associated with religious fundamentalism? a Strict religious practices b Tolerance of people of other faiths c Social conservatism d Strict adherence to sacred texts 4 Which of the following best defines power distance in Hofstede’s cultural dimensions? a Sense of being remote from those at the top b Sense of having little power c Sense of anxiety over decisions made by those above you d Sense of being one of a group 5 Why is Taylorist scientific management criticized? a It advocates very low wages. b It reduces human workers to machine-like, repetitive tasks. c It is based on assembly lines. d It is boring for workers. 6 Remittances can be defined as… a Payments by employers to migrants’ families b Money sent by migrant workers to their families in their homelands c Money sent to migrant workers by their families d Payments made by governments to migrant workers 7 Which country among the following is the source of a large outward movement of refugees from conflict? © Janet Morrison, The Global Business Environment (Bloomsbury, 2023, 6 th edition)

6 a Afghanistan b Mexico c Greece d Ireland 8 Which of these continents is experiencing the fastest-growing urbanization? a Europe b Asia c Africa d South America 9 Which of the following is not among the drivers of urbanization in Africa? a Rural poverty b Attraction of industrial employment in the cities c Diminishing viability of agriculture in the countryside d Effects of climate change 10 Which of the following statements about ageing populations is false? a Gender inequalities in old age exist in both developing and developed countries. b Pensioners in developed countries often continue to work in order to make ends meet. c 35% of people in sub-Saharan Africa can expect a pension. d By 2050, developing countries will have the largest number of people over 60. Chapter 4 1 China’s economic growth has slowed because… a Its industries have failed to innovate. b Its industries have sold too little to domestic consumers. c There has been a slowdown in demand in global markets. d China’s government has fostered more state-owned companies. 2 A recession consists of… a Prolonged negative economic growth b Two successive quarters of negative economic growth c One quarter of negative economic growth d Generally falling prices © Janet Morrison, The Global Business Environment (Bloomsbury, 2023, 6 th edition)

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7 3 Which of the following countries is the most unequal, according the Gini Index? a Germany b Norway c South Africa d China 4 An unemployed person is more likely to be eligible for state benefits in which country? a China b Germany c South Korea d the Philippines 5 Which is the following is not an aspect of monetary policy? a Exchange rates b Interest rates c Money supply d Rates of taxation 6 Which of the following has a high current account surplus? a the US b the UK c Germany d China 7 A liberal market economy prioritizes which of the following? a High taxes b Government ownership of industries c Freedom of enterprise d Spending on welfare-state programmes 8 The social market economy stresses which of the following? a Social justice b Economic growth c Open markets d State planning © Janet Morrison, The Global Business Environment (Bloomsbury, 2023, 6 th edition)

8 9 Which of the following is not an EU member state? a Croatia b Moldova c Romania d Bulgaria 10 India’s economic growth has been dampened by all but which one of the following? b Promotion of computing and IT businesses c Poor infrastructure d Its socialist legacy a Policies that have discouraged FDI Chapter 5 1 Brazil’s president, Jair Bolsonaro, prioritizes which one of the following? a Preserving the Amazon’s ecosystem b Promoting large agribusinesses c Promoting indigenous cultures d Promoting measures to tackle climate change 2 Which of the following is a civil society organization? a A state-owned national bank b A public-sector oil company c A trade union d A government employment agency 3 What is the justification for a public/private partnership? a Way of financing the delivery of public services b Way of promoting capitalism c Way of limiting capitalism d Way of improving public services 4 Why do countries adopt a federal system of government? a To exert more control over the population © Janet Morrison, The Global Business Environment (Bloomsbury, 2023, 6 th edition)

9 b To divide authority between central and regional governments c To give autonomy to the regions d To take away autonomy from the regions 5 Which of the following is not a cause of internal political risk? a Ethnic tensions b High inequality c Rising incomes d Corrupt leaders 6 Which of the following describes China’s political system? a Liberal democracy b Communist party control with market reforms in the economy c Military dictatorship d Expanding state ownership 6 All but which one of the following are characteristics of populist ideology? a Extreme nationalism b Support for authoritarian government c Rejection of established political parties d Belief in liberal democracy 7 What is proportional representation in legislative elections? a Allocation of seats in proportion to the proportion of votes obtained b Allocation of seats to small parties c Allocation of seats to women candidates d Allocation of seats to the main parties 8 Which of the following is a risk to democracy in Poland? a A multi-party electoral system b Erosion of the independent judiciary c Religious parties d Ethnic divisions 9 Which of the following activities by businesses is legitimate lobbying? © Janet Morrison, The Global Business Environment (Bloomsbury, 2023, 6 th edition)

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10 a Paying government officials to obtain favourable treatment b Paying a legislator to vote a particular way on a piece of proposed legislation c Joining an association that puts pressure on legislators to reduce regulatory burdens d Offering an expensive holiday as a gift to an official 10 Which of the following is a trend in the changing balance of global political power? a Increasing power of the US b Increasing power of China c Increasing power of Russia d Increasing power of democratic countries Chapter 6 1 Public law is defined as law relating to… a Relations between governments b Relations between government departments c Relations between citizens and the state d Relations between companies and the government 2 A ‘prosecution’ is defined as… a police proceedings against citizens b legal proceedings for breach of contract c an action by regulatory authorities against a business d legal proceedings against a person accused of a crime 3 Which of the following has the weakest rule of law? a Brazil b US c China d Turkey 4 The legal system of which of the following countries is not within the civil law tradition? a US b France c Japan d China © Janet Morrison, The Global Business Environment (Bloomsbury, 2023, 6 th edition)

11 5 The highest court in the European Union is… a The European Court of Justice b The Supreme Court of the EU c The European Supreme Court d The International Court of Justice 6 In which country was Citizens United judgment decided? a the UK b the US c Australia d Canada 7 The Bhopal disaster concerned… a A textile factory that collapsed b A chemical plant c A nuclear reactor d A factory fire 8 International law rests on which of the following legal instruments? a Statute law passed by state legislatures b Codes of practice c Civil codes d Treaties 9 Investor-state dispute settlement (ISDS) is designed to protect which of the following? a Governments of countries that host FDI b Populations of countries that host FDI c Companies that invest in foreign countries d Employees of foreign investors 10 Which of the following is not a matter of competition law? a Oversight of mergers b Corporate governance c Abuse of a dominant market position d Behaviour of cartels © Janet Morrison, The Global Business Environment (Bloomsbury, 2023, 6 th edition)

12 Chapter 7 1 Which of the following statements about Huawei is false? a It is a leader in 5G technology. b It is a major manufacturer of smartphones. c It is a state-owned Chinese company. d It is seen as a risk to national security by the US government. 2 Which of the following is not a ‘triad’ country? a Japan b China c US d Germany 3 Which of the following are among the main exports of sub-Saharan African countries? a Natural resources b Manufactured goods c Services d High-tech products 4 Who put forward the theory of comparative advantage? a Adam Smith b David Ricardo c Raymond Vernon d Michael Porter 5 What is the aim of protectionism as a trade policy? a To increase competition b To lower prices for consumers c To encourage domestic producers d To encourage imports 6 What does the WTO dispute settlement process provide? a A means of negotiating trade agreements © Janet Morrison, The Global Business Environment (Bloomsbury, 2023, 6 th edition)

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13 b A means of settling a trade dispute between two countries c A means of resolving trade wars between countries d A means of punishing dumping practices 7 Why is the import of soya beans from the US important for China? a Because the US is China’s only source of soya beans b Because China prefers American soya beans over those from other countries c Because China has not trade relations with other producers of soya beans d Because soya beans are a major component of animal feed for China’s growing meat industry 9 Why did the Doha round of multilateral trade negotiations fail? a Because the US blocked it b Because India blocked it c Because of irreconcilable differences among developed and developing countries d Because the EU blocked it 9 What is a ‘common market’? a Free movement of goods among member states b Free movement of goods, labour and capital among member states c Common external trade rules among member states d Ever closer economic union among member states 10 What is the new name of NAFTA? a The North America Free Trade Agreement b The United States Regional Free Trade Agreement c The United States-Mexico-Canada Free Trade Agreement d The North America Common Market Chapter 8 1 Which of the following was not a factor in the collapse of Carillion? a It had too much debt. b It took on too much risk. c It negotiated too few government contracts. d It engaged in businesses in which it had little expertise. © Janet Morrison, The Global Business Environment (Bloomsbury, 2023, 6 th edition)

14 2 Which of the following is a Bretton Woods institution? a The UN b The European Central Bank c The WTO d The IMF 3 What is a ‘free-floating’ currency? a A currency whose exchange rate is fixed by the government b A currency whose exchange rate is determined in markets c A convertible currency d A currency that is not pegged to the US dollar 4 Which of the following stock exchanges enjoys the biggest IPOs by value? a Shanghai b Hong Kong c Nasdaq d New York 5 Which UK bank became effectively nationalized following the financial crisis, with the bulk of its shares owned by the government? a Barclays Bank b Lloyds Bank c Royal Bank of Scotland d HSBC 6 Which of the following has the largest government debt as a percentage of GDP? a Japan b Norway c Germany d UK 7 Hedge funds launched legal claims against Argentina to… a obtain partial payment of bonds b obtain payment of the full face value of bonds c bring down the Argentine government © Janet Morrison, The Global Business Environment (Bloomsbury, 2023, 6 th edition)

15 d drive Argentina into default 8 Which of the following was not a cause of the global financial crisis of 2008? a Weaknesses in the Chinese banking system b Excessive growth of derivatives markets c US housing market crash d Excessive household debt 9 Private equity investors are noted for … a Their long-term vision of acquired companies b Their short-term approach to acquired companies c Their concern to reduce indebtedness of acquired companies d Their concern for stakeholders 10 Quantitative easing is… a Printing money b Selling government bonds c Policy of injecting money into the economy d Printing money for the purchase of equities Chapter 9 1 Which of the following jobs are least likely to be replaced by automation? a Food preparation work b Call centre work c Warehouse work d Managerial post 2 Which of the following helps developing countries to bridge the technology gap between themselves and developed countries? a Attracting more foreign investors b Using technology gained from FDI c Attracting FDI that uses abundant low-cost labour d Attracting foreign workers 3 Which of the following countries has the highest percentages of graduates? © Janet Morrison, The Global Business Environment (Bloomsbury, 2023, 6 th edition)

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16 a South Korea b Turkey c Germany d US 4 The ‘unicorn’ company is… a A private start-up company b A start-up company worth $1 billion or more c A high-tech company that has grown quickly d A high-tech start-up funded by private investors 5 Which of the following is not among the benefits of owning a patent for an invention? a It allows the owner exclusive rights over the invention indefinitely. b The owner can license others to make the product. c The owner can stop counterfeiters of the product. d The owner can sell the patent. 6 The creator of which of the following would be eligible to apply for a patent? a A film b A logo c A computer game d A new cancer drug 7 What was the purpose of the TRIPS agreement? a To benefit large MNEs in the pharmaceutical industry b To allow developing countries to sell cheap medicines c To provide IP protection that is harmonized across all countries d To maintain high prices of medicines 8 Which of the following countries has more patent applications than any other? a the US b Japan c China d Germany © Janet Morrison, The Global Business Environment (Bloomsbury, 2023, 6 th edition)

17 9 Technology transfer from FDI is likely to be beneficial to the host country in which of the following situations? a Where there are lots of universities b Where there is a high level of local technological ability c Where only low-level technology is used by the investor d Where there is weak IP protection 10 Apple’s revenues are mostly from… a Apple Music b Sales of iPhones c Advertising d Sales from the app Store Chapter 10 1 Biodiversity is defined as… a The habitats of living creatures b The variety of living organisms in an area c The plant diversity of an area d The ability of an area to support wildlife 2 Which of the following is not a cause of deforestation? a Felling trees for fuel b Clearing forests for grazing animals c Planting palm trees d Clearing forests to grow crops 3 Which of the following countries has the highest level of greenhouse gas emissions? a the US b Russia c India d China 4 The Kyoto Protocol was groundbreaking because… a It recognized climate change. b It specified targets for reductions in greenhouse gas emissions. © Janet Morrison, The Global Business Environment (Bloomsbury, 2023, 6 th edition)

18 c It achieved a consensus among all countries. d It achieved a consensus among all developed countries. 5 The Paris accord aimed ambitiously to reduce global warming to… a 3 degrees C b 2 degrees C c 1.5 degrees C d 2.7 degrees C 6 Which of the following is the largest coal producer? a China b the US c Australia d India 7 Which of the following countries has the highest share of nuclear power generation? a Germany b China c the UK d France 8 How do the Sustainable Development Goals (SDGs) differ from the Millennium Development Goals (MDGs)? a The SDGs have UN backing. b The SDGs have NGO backing. c The SDGs are more numerous and comprehensive. d There are fewer of SDGs than MDGs. 9 Chevron has refused to clear up environmental contamination from oil extraction in which country? a Colombia b Ecuador c Chile d Mexico 10 Triple-bottom-line reporting includes… © Janet Morrison, The Global Business Environment (Bloomsbury, 2023, 6 th edition)

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19 a financial, social and environmental reporting b corporate governance, financial and environmental reporting c financial, legal and social reporting d social, financial and ethical reporting Chapter 11 1 Utilitarianism stands for all but one of the following principles. Which is the odd one out? a Minimal governmental interference b The greatest happiness of the greatest number c Social justice d Maximum individual liberty 2 Kant’s categorical imperative is based on… a the principle that ethical rules vary between societies b the principle that each person is an end, not a means to an end c the principle that morality is universal d the principle that people are inherently egoistic 3 The Universal Declaration of Human Rights (UDHR) dates from…. a 1956 b 1991 c 1948 d 1920 4 Which of the following is considered a ‘social right’? a Right to a fair trial b Freedom of speech c Freedom from arbitrary arrest d Right to healthcare 5 A ‘weak’ theory of corporate social responsibility (CSR) would include which of the following? a Obeying the letter and spirit of the law b Charitable giving c Paying wages above the national minimum © Janet Morrison, The Global Business Environment (Bloomsbury, 2023, 6 th edition)

20 d Adhering to environmental standards above the national minimum 6 Which of the following are primary stakeholders of a company? a Employees of outsourcing companies b Employees of subcontractors c Employees of the company d Employees of supplier companies 7 The UN Global Compact is between… a companies, governments and the UN b companies, the UN and NGOs c governments, companies and NGOs d the UN, global business leaders and governments 8 Which of the following corporate governance practices is in accord with CSR? a Stakeholder representation on boards b Non-voting shares c Overpaid executives d Insider control of the board 9 The social enterprise is… a an SME that is not-for-profit b between a for-profit business and a charity c a not-for-profit enterprise d a for-profit business in the social services sector 10 Which of the following statements about the Sackler family is false? a Its main business is the pharmaceutical company, Purdue Pharma. b It is a major philanthropic donor to cultural projects. c It has been sued for wrongful marketing of addictive painkillers. d It has not profited from the sales of addictive painkillers. Chapter 12 1 Which company first identified and then drove the identification of the Coronavirus? © Janet Morrison, The Global Business Environment (Bloomsbury, 2023, 6 th edition)

21 1 BioNTech 2 AstraZeneca 3 Abbotts laboratories 4 Pfizer? 2 What was the key driver of the very rapid spread of COVID19? 1 Global supply chains 2 Information technology 3 Universal global air travel 4 Economic growth? 3 Which of the following is the worst accelerator of pandemics and the spread of disease? 1 Universal global air travel 2 Crowded and cramped living environments 3 Mass urban travel and transit 4 Lack of adequate health care? 4 Which of the following is now the priority need to be invested in to ensure effective responses to future pandemics? 1 Economic growth 2 Sustainable approaches to environment management 3 Health care infrastructure and expertise 4 Research and development activities? 5 Which of the following aspects of the COVID crisis has continuing adverse effects on the economic environment? 1 Closure of businesses and loss of staff and expertise 2 Increased surveillance 3 Increases in use of local supply chains 4 Changes to online shopping and ecommerce? 6 Which of the following measures introduced during the COVID crisis has major economic, social and behavioural implications for all? 1 Working from home 2 Increased technology capacity 3 Development of health care initiatives 4 Vaccine programmes? 7 Which one of the following is not a symptom of increased political nationalism during a pandemic crisis? 1 Liberalising the economic environment © Janet Morrison, The Global Business Environment (Bloomsbury, 2023, 6 th edition)

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22 2 Restrictions on the freedom of the press 3 Increased surveillance and monitoring of social interactions 4 Trade and travel barriers? 8 Which of the following is not an advantage of working from home? 1 Loss of corporate cohesion in places of work 2 Reduced travel and commuting times 3 Reduced productivity 4 The work – life balance? 9 Which of the following sets of goals do the development of COVID and other vaccines deliver on? 1 Economic and political 2 Research and development 3 Social and political 4 Social and commercial? 10 What is the key political driver for ensuring ever more effective responses to pandemics and other global and international crises in the future? 1 Increased government spending 2 Reduced government spending 3 Increased nationalism and protectionism 4 Reduced nationalism and protectionism? Chapter 13 1 What was the aim of the Glass-Steagall Act in the US? a To regulate derivatives trading b To set up the Securities and Exchange Commission c To compel banks to separate their retail business from their investment business d To make bankers liable for failed banks 2 All but which one of the following businesses have strong interests in opposing action on climate change? a Fossil fuel businesses b Chemical companies c High-tech companies d Agribusiness companies © Janet Morrison, The Global Business Environment (Bloomsbury, 2023, 6 th edition)

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23 3 Which of the following is characteristic of work in the gig economy? a Workers have full entitlement to employment protection laws. b Workers have paid holidays. c Workers pay no income tax. d Workers are classified as self-employed. 4 Sustainable growth is… a Growth in long-term industries b Economic growth that is inclusive of all in society c Growth in employment d Economic growth that enriches large companies 5 Which of the following has democratic institutions, but is authoritarian beneath the surface? a Germany b the US c Turkey d China 6 In which of the following area has the Chilean government prioritized opening up opportunities for all? a Housing b Jobs c Business d Education 7 Why are there fears that the textile factories in Bangladesh are becoming less safe? a The factory owners are influential in government. b The safety inspection accords signed by western manufacturers are coming to an end. c The government has no factory inspectors. d The trade unions in Bangladesh are government-controlled. 8 All but which one of the following is a risk posed to sustainability by agribusiness? a Loss of rural livelihoods b Loss of biodiversity c Use of antibiotics in livestock © Janet Morrison, The Global Business Environment (Bloomsbury, 2023, 6 th edition)

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24 d Increase in crop yields 9 All but which one of the following is indicative of corruption between business and politics? a A company funds a candidate’s campaign for office, knowing the candidate will promote its interests. b A company pays for a holiday for a legislator. c A legislator refuses to accept a holiday paid for by a corporate lobbyist. d On leaving office, a legislator takes up a lucrative job with a company that has gained from government policies. 10 Why was Disney criticized over the Ariel doll? a The doll was of poor quality. b The doll was made by workers who suffered mistreatment. c The doll was made in China. d The company had a weak ethical policy. © Janet Morrison, The Global Business Environment (Bloomsbury, 2023, 6 th edition)

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MCQs_for_GBE6_self-test

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