10 May Question21. Which of the following is a sociocultural factor in the international environment
Question
21. Which of the following is a sociocultural factor in the international environment?
| a. | Language |
| b. | Exchange rates |
| c. | Tariffs, taxes, and quotas |
| d. | Per capita income |
| e. | Infrastructure |
ANS:
22. ____ is normally used to classify countries as developed or developing.
| a. | Exchange rates |
| b. | Interest rates |
| c. | Gross national product |
| d. | Per capita income |
| e. | Inflation rates |
ANS:
23. ____ generally are located in Asia, Africa and South America.
| a. | MNCs |
| b. | EUs |
| c. | LDCs |
| d. | WTOs |
| e. | MFNs |
ANS:
24. A country’s physical facilities that support economic activities make up its ____.
| a. | resource markets |
| b. | infrastructure |
| c. | physical markets |
| d. | product markets |
| e. | plants and equipment |
ANS:
25. If you built a computer company in Africa and then found that your product was having difficulty being distributed to customers because of the road system, your problem would be related to
| a. | an inadequate infrastructure. |
| b. | an economy incapable of supporting growth. |
| c. | a poor resource market. |
| d. | a poor product market. |
| e. | none of these. |
ANS:
26. Your grocery store in India is having trouble getting the local farmers to supply you with the proper produce. This is a problem with India’s
| a. | product market. |
| b. | resource market. |
| c. | infrastructure. |
| d. | economy. |
| e. | power distance. |
ANS:
27. Exchange rates are included in which of the following international environments?
| a. | The legal-political sector |
| b. | The economic environment |
| c. | The sociocultural environment |
| d. | The barter system environment |
| e. | The government sector |
ANS: :
28. The legal-political environment, in international operations, includes which of the following?
| a. | Shared knowledge, beliefs and values |
| b. | Political risks |
| c. | Social organizations |
| d. | Infrastructure |
| e. | None of these |
ANS:
29. Political risk is defined as an organization’s risk of ____ due to politically based events or actions by host governments.
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