Business Environment
381. One of the following does not represent a general market risk in the internationalization process
- petition from other organizations in foreign markets
- lack of tax incentives for organizations that export
- language and cultural differences
- complexity of shipping services to overseas buyers
Correct answer: (A)
petition from other organizations in foreign markets
382. Export control refers to restrictions on
- Domestic firms from engaging in exports
- Items that can be exported from the country
- Foreign countries exporting to the country
- 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
- Common law
- Civil law
- Theocratic law
- English law
Correct answer: (B)
Civil law
384. Globalisation of markets has brought about economies of
- scale in production
- distribution and marketing
- management
- all business operations
Correct answer: (D)
all business operations
385. Which of the following is not an element of culture?
- Tax law
- Language
- Traditions
- Art
Correct answer: (B)
Language
386. The law based on the tradition of a precedent and custom is
- civil law
- criminal law
- common law
- religious law
Correct answer: (C)
common law
387. Religion of a person affects his/her
- attitude towards entrepreneurship
- gifting practices
- use of products
- all of the above
Correct answer: (D)
all of the above