MANA 8320 Quiz 1 Unit 1 (Solution)

1.

Question :

The relative decline of the United States in the share of world output and world exports reflects _____.

Student Answer: an increase in the barriers to foreign trade in the U.S. the deepening of the global financial crisis the reduced industrialization in developing nations the growth in the economic development of the world economy

Student Answer: health care service activities technological research manufacturing activities

3.

Question : Student Answer:

The G20tx was originally established to _____.

preserve peace through international cooperation and collective security maintain order in the international monetary system formulate a coordinated policy response to financial crises in developing nations manage, regulate, and police the global marketplace

4.

Question :

According to our textbook, the single most important technological innovation that has impacted international trade has been the:

Student Answer: airplane microprocessor development of optic fiber communications satellite

MANA 8320 Quiz 1 Unit 1 (Solution)

5.

Question : Student Answer:

Which of the following is NOT an example of intellectual property?

A music score A video game A software business A screenplay

6.

Question :

Which system of government generally permits some individual economic freedom but restricts individual political freedom, frequently on the grounds that it would lead to the rise of communism?

Student Answer: Tribal totalitarianism Right-wing totalitarianism Democratic totalitarianism Theocratic totalitarianism

7.

Question :

In Russia in the chaotic period following the collapse of communism, an outdated legal system, coupled with a weak police force and judicial system, allowed the Russian Mafia to demand "protection money" from business owners. Any business owner who rebelled had to face violent retribution. This violation of property rights exemplifies _____.

Student Answer: private action copyright violation infrastructural failure public liability

8.

Question :

The likelihood that a trading partner will opportunistically break a contract or expropriate property rights is called a(n) _____.

Student Answer: economic risk legal risk cultural risk

MANA 8320 Quiz 1 Unit 1 (Solution)

political risk

9.

Question : Student Answer:

The HDI is based on all of the following measures EXCEPT:

life expectancy at birth. political freedom. educational attainment. whether average incomes are sufficient to meet the basic needs of life.

10.

Question : Student Answer:

GNI per person figures can be misleading because _____.

they also include barter agreements they provide a dynamic picture of development they don't consider differences in the cost of living they don't consider exchange rate

11.

Question :

Thomas Friedman talked about different eras of globalization in his video lecture in Unit 1. According to Friedman we are now in Globalization 3.0 which is about:

Student Answer: Companies globalizing Countires globalizing Governments globalizing Individuals globalizing

12.

Question :

According to the data of the United Nations World IQ Test in Unit 1, if the world's population were considered on a percentage basis of 100, 20 people would be suffering malnutrition, 1 would be starving and __________ would be overweight.

Student Answer: 5 7

MANA 8320 Quiz 1 Unit 1 (Solution)

10 15

13.

Question :

Dr. May's article on resistance to change in Russia talked about the importance of checking the "DNA" of executives to make sure they are suitable for training. Which of the following is NOT a component of DNA as discussed in the article?

Student Answer: Determinism Denial Naivete Acceptance

14.

Question :

According to data from the United Nations World IQ Test in Unit 1, if the world's population were considered on a basis of 100 people, 59% of the world's wealth is concentrated in the hands of six people and they are live in _______________.

Student Answer: Switzerland India the United States the European Union

15.

Question : Student Answer:

According to Thomas Friedman, Steve Jobs got his inspiration for the Mac from:

his work as an architecture student NASA the art of calligraphy studying medical imaging