1. Which of the following statements is true about the business implications of Japanese society?
a. The determination of social status of an individual is independent of the standing of the group to which he or she belongs
b. It is difficult to find self-managing work teams within Japanese organizations
c. It is more successful at pioneering radically new products and new ways of doing business than the United States
d. There is a low degree of movement from company to company among managers and workers
e. The managers and workers lack company-specific knowledge, experience, and a network of interpersonal business contacts
2. Although China and India are very large markets when measured by the number of consumers, they are relatively small markets when measured in economic terms due to their:
a. orientation toward democracy
b. small share in the world output
c. high living standards
d. limited purchasing power
e. commitment to a free market system
3. According to Nobel-prize winning economist Paul Krugman, a country that attempts to establish a domestic firm in a dominant position in a global industry is most likely to:
a. dominate the industry
b. move away from protectionism
c. incur huge financial debts
d. upset the special-interest groups in the economy
e. provoke retaliation
4. Which of the following is most likely to be protected by a copyright? Select one: a. A new manufacturing process invented in a company b. A newly invented telecommunication device c. Movies produced and directed by a person d. A new type of car invented by an automobile company
5. Which of the following is the aim of the Central American Free Trade Agreement?
a. Lowering of trade barriers between the United States and the Central American Common Market countries
b. Elimination of trade barriers between the CARICOM and Central American Common Market countries
c. Reduction of trade barriers between Caribbean Single Market and Economy nations and Central American Common Market countries
d. Introduction of a common currency for Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua e. Reductions in tariffs and quotas between Costa Rica, Dominican Republic, and Nicaragua.