Business Environment

381. One of the following does not represent a general market risk in the internationalization process

  1. petition from other organizations in foreign markets
  2. lack of tax incentives for organizations that export
  3. language and cultural differences
  4. complexity of shipping services to overseas buyers
Correct answer: (A)
petition from other organizations in foreign markets

382. Export control refers to restrictions on

  1. Domestic firms from engaging in exports
  2. Items that can be exported from the country
  3. Foreign countries exporting to the country
  4. Domestic firms engaging in trade with nation
Correct answer: (B)
Items that can be exported from the country

383. Judgments are based on detailed codes, rather than precedents under

  1. Common law
  2. Civil law
  3. Theocratic law
  4. English law
Correct answer: (B)
Civil law

384. Globalisation of markets has brought about economies of

  1. scale in production
  2. distribution and marketing
  3. management
  4. all business operations
Correct answer: (D)
all business operations

385. Which of the following is not an element of culture?

  1. Tax law
  2. Language
  3. Traditions
  4. Art
Correct answer: (B)
Language

386. The law based on the tradition of a precedent and custom is

  1. civil law
  2. criminal law
  3. common law
  4. religious law
Correct answer: (C)
common law

387. Religion of a person affects his/her

  1. attitude towards entrepreneurship
  2. gifting practices
  3. use of products
  4. all of the above
Correct answer: (D)
all of the above
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