A common mistake made by businesses attempting to enter the international market include

failure to correctly estimate the full cost of a product

Which of the following is NOT a questions that can define a country’s economic system

How is the GDP and Unemployment rate calculated?

Which of the following is NOT likely to be a feature of a pure command economy?

Individual rights to own and transfer property

Canada is made up of a large number of subcultures which

A community that differs from the wider society it lives in

One of Canada’s greatest advantages in the global marketplace is:

Canada mirrors the world community.

A democracy is a country governed by:

all eligible members of the population through elected representatives

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Unit 3 BBB

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Questions 18

Answers

1
An example of a lobbyist group is:
CIA
IRA
NRA
FBI
2
Hofstede’s Dimension Culture of Masculine vs. Feminine refers to
how many males a country has in positions of power
How strongly gender roles are defined in a country
How much a culture values competition vs. care.
A (red) and C (yellow)
3
A monochronic culture sees time as
events interweaving and occurring at the same time
linear and sequential
None of the above
involving many things happening simultaneously
4
Canada is a(n)
developing country
underdeveloped country
developed country
socialist country
5
Shared knowledge, values, beliefs, and traditions passed down through generations in a region.
individualism
upbringing
culture
national anthem
6
The country most likely to deal in corruption and bribery is:
Sweden
Netherlands
China
Spain
7
Corporations can influence governments by:
participating in trade missions with politicians
All of the above
pressure government to change or adopt policies that will benefit business
contributing large amounts to political campaigns
8
The culture awareness requirement for a Canadian business with a few foreign operations is
Little
High
None at all
Moderate
9
A common mistake made by businesses attempting to enter the international market include
lack of accounting knowledge
failure to correctly estimate the full cost of a product
selecting the wrong export country
failure to impose Canadian marketing strategies
10
A centrally planned economy is also known as
Communism
Democracy
Free Enterprise
Anarchism
11
Which of the following is NOT a questions that can define a country’s economic system
How should scarce/limited resources such as labour and capital be allocated
What should the country produce and in what quantities?
How is the GDP and Unemployment rate calculated?
How should goods and services be distributed through out the country?
12
Which of the following is NOT likely to be a feature of a pure command economy?
Government ownership of the means of production.
An extensive planning bureaucracy.
Frequent examples of excess supply in various products.
Individual rights to own and transfer property
13
Canada is made up of a large number of subcultures which
is when one community is the same as the main culture
are the same as the main culture
A community that differs from the wider society it lives in
are cultures made up of Ethnic Diversity only
14
An example of a developing country would be
Canada
Ireland
Africa
Mexico
15
An underdeveloped country is defined as
countries that have a high GDP but also a high unemployment rate.
countries that have severe poverty and substandard living conditions
b and c
countries that lack social services and have poor infrastructure
16
An example of a country with a mixed economy is
Canada
North Korea
Latvia
Cuba
17
One of Canada’s greatest advantages in the global marketplace is:
Canada mirrors the world community.
Canada is a leader in new technology
Canada spends a lot of money in R & D
Canada has very low labour costs compared to other countries
18
A democracy is a country governed by:
all eligible members of the population through elected representatives
a small group of people with unlimited power
a single individual with unlimited power
an individual group unelected but uses coercion for power.

Unit 3 BBB Flashcards | StudBud