Question 1

The _____ refers to the coercive power of governments.

Accepted Answer

A)  normative pillar 
B)  regulatory pillar 
C)  cognitive pillar 
D)  informal pillar 
A)  normative pillar 
B)  regulatory pillar 
C)  cognitive pillar 
D)  informal pillar

Question 2

Which of the following would be an example of a force majeure defense for a seller?

Accepted Answer

A)  If the seller decides to stop delivery out of fear of nonpayment 
B)  If the customer has already accepted nonconforming goods 
C)  If the goods to be delivered are destroyed in an earthquake 
D)  If the seller places warranties on the goods 
A)  If the seller decides to stop delivery out of fear of nonpayment 
B)  If the customer has already accepted nonconforming goods 
C)  If the goods to be delivered are destroyed in an earthquake 
D)  If the seller places warranties on the goods

Question 3

How can a firm protect intellectual property rights (IP rights)when countries have different levels of IP rights' enforcement?

Accepted Answer

Intellectual property rights (IPR)are ri

Question 4

Which of the following would be considered an example of informal institutions?

Accepted Answer

A)  Laws 
B)  Regulations 
C)  Ethics 
D)  Rules 
A)  Laws 
B)  Regulations 
C)  Ethics 
D)  Rules

Question 5

Proposition 1 of the institution-based view specifically concerns bounded rationality.

Accepted Answer

A) True 
 B)False

Question 6

The _____ view focuses on the dynamic interactions between the laws,cultures and ethics of a country and a firm,and considers firm behaviors as the outcome of such an interaction.

Accepted Answer

A)  internal strength-based 
B)  competency-based 
C)  institution-based 
D)  resource-based 
A)  internal strength-based 
B)  competency-based 
C)  institution-based 
D)  resource-based

Question 7

The normative pillar supports informal institutions.

Accepted Answer

A) True 
 B)False

Question 8

Firms operating in democracies never confront political risk.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is a feature of right-wing totalitarianism?

Accepted Answer

A)  It does not curtail an individual's right to freedom of expression and organization. 
B)  It concentrates power in the hands of one or more religious groups. 
C)  It bases its economic policies on communist ideologies. 
D)  It does not allow room for political freedom. 
A)  It does not curtail an individual's right to freedom of expression and organization. 
B)  It concentrates power in the hands of one or more religious groups. 
C)  It bases its economic policies on communist ideologies. 
D)  It does not allow room for political freedom.

Question 10

The laws of a country are part of the formal institution.

Accepted Answer

A) True 
 B)False

Question 11

_____ are exclusive legal rights of authors and publishers to publish and disseminate their work.

Accepted Answer

A)  Patents 
B)  Trademarks 
C)  Copyrights 
D)  Trade secrets 
A)  Patents 
B)  Trademarks 
C)  Copyrights 
D)  Trade secrets

Question 12

The regulatory pillar supports both informal and formal institutions.

Accepted Answer

A) True 
 B)False

Question 13

Transitional economies have static institutions.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is true of a pure market economy?

Accepted Answer

A)  All factors of production are owned by the government. 
B)  All factors of production are privately owned. 
C)  It has elements of both a market economy and a command economy. 
D)  Its policies are based on religious decree. 
A)  All factors of production are owned by the government. 
B)  All factors of production are privately owned. 
C)  It has elements of both a market economy and a command economy. 
D)  Its policies are based on religious decree.

Question 15

Intellectual property rights are enforced though the informal institution system.

Accepted Answer

A) True 
 B)False

Question 16

Describe the differences among the three economic systems.

Accepted Answer

A pure market economy is characterized b

Question 17

_____ refers to a legal system based on religious teachings.

Accepted Answer

A)  Common law 
B)  Theocratic law 
C)  Civil law 
D)  Right-wing totalitarian law 
A)  Common law 
B)  Theocratic law 
C)  Civil law 
D)  Right-wing totalitarian law

Question 18

An institutional framework is made up of formal and informal institutions governing individual and firm behavior.

Accepted Answer

A) True 
 B)False

The _____ refers to the coercive power of governments.

Which of the following would be an example of a force majeure defense for a seller?

How can a firm protect intellectual property rights (IP rights)when countries have different levels of IP rights' enforcement?

Which of the following would be considered an example of informal institutions?

Proposition 1 of the institution-based view specifically concerns bounded rationality.

The _____ view focuses on the dynamic interactions between the laws,cultures and ethics of a country and a firm,and considers firm behaviors as the outcome of such an interaction.

The normative pillar supports informal institutions.

Firms operating in democracies never confront political risk.

Which of the following is a feature of right-wing totalitarianism?

The laws of a country are part of the formal institution.

_____ are exclusive legal rights of authors and publishers to publish and disseminate their work.

The regulatory pillar supports both informal and formal institutions.

Transitional economies have static institutions.

Which of the following is true of a pure market economy?

Intellectual property rights are enforced though the informal institution system.

Describe the differences among the three economic systems.

_____ refers to a legal system based on religious teachings.

An institutional framework is made up of formal and informal institutions governing individual and firm behavior.

Globalizing Business

Emphasizing Informal Institutions: Cultures, Ethics, and Norms

Leveraging Resources and Capabilities

Trading Internationally

Investing Abroad Directly

Dealing with Foreign Exchange

Capitalizing on Global and Regional Integration

Growing and Internationalizing the Entrepreneurial Firm

Entering Foreign Markets

Managing Global Competitive Dynamics

Making Alliances and Acquisitions Work

Strategizing,Structuring,and Learning around the World

Competing on Marketing and Supply Chain Management

Managing Human Resources Globally

Financing and Governing the Corporation Globally

Managing Corporate Social Responsibility Globally

Filters

Exam 2: Understanding Formal Institutions: Politics, Laws, and Economics

The _____ refers to the coercive power of governments.

Which of the following would be an example of a force majeure defense for a seller?

How can a firm protect intellectual property rights (IP rights)when countries have different levels of IP rights' enforcement?

Which of the following would be considered an example of informal institutions?

Proposition 1 of the institution-based view specifically concerns bounded rationality.

The _____ view focuses on the dynamic interactions between the laws,cultures and ethics of a country and a firm,and considers firm behaviors as the outcome of such an interaction.

The normative pillar supports informal institutions.

Firms operating in democracies never confront political risk.

Which of the following is a feature of right-wing totalitarianism?

The laws of a country are part of the formal institution.

_____ are exclusive legal rights of authors and publishers to publish and disseminate their work.

The regulatory pillar supports both informal and formal institutions.

Transitional economies have static institutions.

Which of the following is true of a pure market economy?

Intellectual property rights are enforced though the informal institution system.

Describe the differences among the three economic systems.

_____ refers to a legal system based on religious teachings.

An institutional framework is made up of formal and informal institutions governing individual and firm behavior.

Globalizing Business

Emphasizing Informal Institutions: Cultures, Ethics, and Norms

Leveraging Resources and Capabilities

Trading Internationally

Investing Abroad Directly

Dealing with Foreign Exchange

Capitalizing on Global and Regional Integration

Growing and Internationalizing the Entrepreneurial Firm

Entering Foreign Markets

Managing Global Competitive Dynamics

Making Alliances and Acquisitions Work

Strategizing,Structuring,and Learning around the World

Competing on Marketing and Supply Chain Management

Managing Human Resources Globally

Financing and Governing the Corporation Globally

Managing Corporate Social Responsibility Globally

Filters