Business Environment

241. Factors that affect global human resource management are

  1. Economic Factor
  2. Societal factor
  3. Cultural Factor
  4. All the above
Correct answer: (D)
All the above

242. For the society, religion has no influence on

  1. holidays
  2. language
  3. role of women
  4. marketing practices
Correct answer: (B)
language

243. As per cultural dimensions of Hofstede, masculinity refers to

  1. Male- female ratio in the country
  2. Society dominated by male members
  3. Society characterized by aggressive and materialistic behaviour
  4. War- ridden societies
Correct answer: (C)
Society characterized by aggressive and materialistic behaviour

244. Monetary policy relates to controlling

  1. money supply
  2. money supply and interest rate
  3. money supply, interest rate and exchange rate
  4. credit creation by banks
Correct answer: (C)
money supply, interest rate and exchange rate

245. Which of the following could be effective in preventing a potential competitor from entering the market?

  1. High capital costs
  2. Differentiation
  3. Retaliation
  4. Low switching costs for buyers
Correct answer: (A)
High capital costs

246. Which of the following is not a major reactive motif for initiating export?

  1. proximity to international customers/psychological distance
  2. Competitive pressures
  3. Foreign market opportunities/market information
  4. Unsolicited foreign orders
Correct answer: (C)
Foreign market opportunities/market information

247. Which is the largest country within the EU by size of the population?

  1. Poland
  2. Germany
  3. United Kingdom
  4. France
Correct answer: (B)
Germany

248. The economic System whereby the state holds broad powers to serve the public interest, it decides what goods and services are produced and in what quantities and demand typically exceeds supply is

  1. Market socialism
  2. Market capitalism
  3. Centrally- planned socialism
  4. Centrally- planned capitalism
Correct answer: (C)
Centrally- planned socialism

249. Indirect regulations affecting international business does not include

  1. Export licensing
  2. Antiboycott regulations
  3. Anti trust laws
  4. Anti corruption laws
Correct answer: (A)
Export licensing

250. The following statement relating to civil law is true

  1. The role of judges to interpret the law
  2. The role of judges to apply the law
  3. It is based on established practiced
  4. It is not applicable to criminal cases
Correct answer: (B)
The role of judges to apply the law
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