241. Factors that affect global human resource management are
Economic Factor
Societal factor
Cultural Factor
All the above
Correct answer: (D) All the above
242. For the society, religion has no influence on
holidays
language
role of women
marketing practices
Correct answer: (B) language
243. As per cultural dimensions of Hofstede, masculinity refers to
Male- female ratio in the country
Society dominated by male members
Society characterized by aggressive and materialistic behaviour
War- ridden societies
Correct answer: (C) Society characterized by aggressive and materialistic behaviour
244. Monetary policy relates to controlling
money supply
money supply and interest rate
money supply, interest rate and exchange rate
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?
High capital costs
Differentiation
Retaliation
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?
proximity to international customers/psychological distance
Competitive pressures
Foreign market opportunities/market information
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?
Poland
Germany
United Kingdom
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
Market socialism
Market capitalism
Centrally- planned socialism
Centrally- planned capitalism
Correct answer: (C) Centrally- planned socialism
249. Indirect regulations affecting international business does not include
Export licensing
Antiboycott regulations
Anti trust laws
Anti corruption laws
Correct answer: (A) Export licensing
250. The following statement relating to civil law is true
The role of judges to interpret the law
The role of judges to apply the law
It is based on established practiced
It is not applicable to criminal cases
Correct answer: (B) The role of judges to apply the law